BorgWarner Inc. (NYSE:BWA – Get Free Report) EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. This represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tania Wingfield also recently made the following trade(s):
- On Friday, February 13th, Tania Wingfield sold 17,867 shares of BorgWarner stock. The stock was sold at an average price of $63.43, for a total value of $1,133,303.81.
BorgWarner Stock Down 0.8%
BorgWarner stock traded down $0.52 during mid-day trading on Tuesday, reaching $62.63. The stock had a trading volume of 760,099 shares, compared to its average volume of 2,735,725. The firm has a market capitalization of $12.85 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00. BorgWarner Inc. has a fifty-two week low of $31.83 and a fifty-two week high of $70.08. The stock’s 50-day simple moving average is $54.53 and its 200-day simple moving average is $50.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13.
BorgWarner Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 1st. BorgWarner’s dividend payout ratio (DPR) is currently 40.24%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BWA. Vanguard Group Inc. lifted its stake in BorgWarner by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock worth $1,212,345,000 after purchasing an additional 667,788 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BorgWarner by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after buying an additional 178,853 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of BorgWarner by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock worth $415,559,000 after buying an additional 1,703,576 shares in the last quarter. State Street Corp increased its holdings in shares of BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after buying an additional 380,942 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of BorgWarner by 6.7% during the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock valued at $290,481,000 after buying an additional 402,887 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on BWA shares. Morgan Stanley set a $60.00 price target on BorgWarner in a research note on Thursday, February 12th. The Goldman Sachs Group boosted their price objective on BorgWarner from $54.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Evercore reiterated an “outperform” rating and set a $75.00 price objective on shares of BorgWarner in a research note on Tuesday, February 17th. Robert W. Baird set a $76.00 price target on shares of BorgWarner in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of BorgWarner to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $67.50.
View Our Latest Report on BorgWarner
BorgWarner Company Profile
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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