BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle Sells 20,544 Shares of Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stefan Demmerle also recently made the following trade(s):

• On Thursday, November 14th, Stefan Demmerle sold 21,500 shares of BorgWarner stock. The stock was sold at an average price of $34.79, for a total value of $747,985.00.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $34.30 on Friday. The firm has a market cap of $7.50 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The business’s fifty day simple moving average is $34.56 and its 200-day simple moving average is $33.85.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. BorgWarner’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.28%. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.21.

Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after buying an additional 1,640,503 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock valued at $231,376,000 after acquiring an additional 217,050 shares during the period. Pacer Advisors Inc. grew its position in BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares in the last quarter. Earnest Partners LLC increased its stake in BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after purchasing an additional 669,137 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after purchasing an additional 445,540 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.