BorgWarner Inc. (NYSE:BWA) VP Sells $100,025.00 in Stock

BorgWarner Inc. (NYSE:BWA) VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total transaction of $100,025.00. Following the completion of the transaction, the vice president directly owned 55,945 shares in the company, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Isabelle Mckenzie also recently made the following trade(s):

• On Friday, May 16th, Isabelle Mckenzie sold 5,000 shares of BorgWarner stock. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00.

BorgWarner Stock Down 0.1%

NYSE:BWA opened at $41.39 on Friday. The company has a market cap of $8.96 billion, a PE ratio of 44.03, a P/E/G ratio of 1.25 and a beta of 1.10. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $41.67. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $35.58 and its two-hundred day moving average is $31.70.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the business posted $1.19 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.17 dividend. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. BorgWarner’s payout ratio is currently 46.81%.

BorgWarner declared that its board has initiated a stock repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On BorgWarner

A number of large investors have recently added to or reduced their stakes in BWA. Global X Japan Co. Ltd. raised its position in BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 523 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after buying an additional 714 shares in the last quarter. Assetmark Inc. grew its holdings in shares of BorgWarner by 81.8% in the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 364 shares during the period. Addison Advisors LLC grew its holdings in shares of BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 758 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in shares of BorgWarner in the first quarter valued at about $30,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Guggenheim cut their price objective on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on shares of BorgWarner from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Bank of America lifted their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Piper Sandler lifted their price objective on shares of BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Morgan Stanley lifted their price objective on shares of BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $39.64.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.