BorgWarner Inc. (NYSE:BWA) EVP Sells $910,572.88 in Stock

BorgWarner Inc. (NYSE:BWA) EVP Tonit M. Calaway sold 27,736 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, the executive vice president now owns 214,521 shares in the company, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BorgWarner Price Performance

Shares of BWA opened at $33.05 on Friday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.75. The firm’s fifty day simple moving average is $28.40 and its 200-day simple moving average is $30.92. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BWA. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. UBS Group increased their target price on shares of BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Tuesday, March 18th. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Piper Sandler reduced their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $37.47.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec grew its position in shares of BorgWarner by 6.3% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 74,260 shares of the auto parts company’s stock valued at $2,128,000 after buying an additional 4,404 shares during the last quarter. Chiron Capital Management LLC purchased a new position in shares of BorgWarner in the 1st quarter valued at $209,000. EP Wealth Advisors LLC grew its position in shares of BorgWarner by 20.4% in the 1st quarter. EP Wealth Advisors LLC now owns 12,714 shares of the auto parts company’s stock valued at $364,000 after buying an additional 2,152 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of BorgWarner in the 1st quarter valued at $16,488,000. Finally, Nomura Holdings Inc. grew its position in shares of BorgWarner by 101.6% in the 1st quarter. Nomura Holdings Inc. now owns 14,514 shares of the auto parts company’s stock valued at $416,000 after buying an additional 7,313 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.