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

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction 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 completion of the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $34.79, for a total value of $747,985.00.

BorgWarner Trading Up 0.1 %

BWA opened at $34.30 on Friday. 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 50 day moving average is $34.56 and its two-hundred day moving average is $33.85. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced 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. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. On average, research analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wolfe Research began coverage on shares of BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group cut their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Hedge Funds Weigh In On BorgWarner

Institutional investors have recently added to or reduced their stakes in the stock. Matrix Trust Co acquired a new stake in BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner during the third quarter worth approximately $32,000. LRI Investments LLC lifted its holdings in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner during the second quarter worth $32,000. Finally, True Wealth Design LLC acquired a new position in BorgWarner in the 3rd quarter valued at $38,000. Institutional investors and hedge funds 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.