Isabelle Mckenzie Sells 5,700 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA) VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

BorgWarner Stock Down 1.1 %

Shares of NYSE:BWA opened at $34.43 on Friday. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.73 and a beta of 1.20. The firm’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $33.97. 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 fifty-two week low of $29.51 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, equities research analysts predict that BorgWarner Inc. will post 4.2 earnings per share for the current year.

BorgWarner Announces Dividend

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

Institutional Trading of BorgWarner

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Matrix Trust Co acquired a new stake in shares of BorgWarner in the third quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the third quarter valued at about $32,000. LRI Investments LLC acquired a new stake in shares of BorgWarner in the first quarter valued at about $35,000. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner in the second quarter valued at about $32,000. Finally, True Wealth Design LLC acquired a new stake in shares of BorgWarner in the third quarter valued at about $38,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BWA shares. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Barclays increased their target price on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.20.

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.