BorgWarner Inc. (NYSE:BWA) EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the sale, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
BorgWarner Inc. (NYSE:BWA) traded up $1.40 during trading hours on Thursday, hitting $55.91. The stock had a trading volume of 1,191,482 shares, compared to its average volume of 1,495,835. The firm has a market cap of $11,620.00, a PE ratio of 40.51, a P/E/G ratio of 1.57 and a beta of 1.76. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $56.25. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm posted $0.78 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts forecast that BorgWarner Inc. will post 3.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, November 30th. BorgWarner’s payout ratio is presently 49.28%.
Institutional investors have recently bought and sold shares of the company. Delta Lloyd Asset Management N.V. purchased a new stake in shares of BorgWarner in the 2nd quarter valued at about $1,063,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of BorgWarner by 19.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,017 shares of the auto parts company’s stock valued at $2,288,000 after purchasing an additional 8,844 shares during the last quarter. Kiltearn Partners LLP lifted its holdings in shares of BorgWarner by 0.9% in the 2nd quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock valued at $133,538,000 after purchasing an additional 28,300 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of BorgWarner by 154.3% in the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock valued at $106,373,000 after purchasing an additional 1,259,970 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of BorgWarner by 24.9% in the 2nd quarter. Toronto Dominion Bank now owns 68,094 shares of the auto parts company’s stock valued at $2,884,000 after purchasing an additional 13,593 shares during the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.
BWA has been the topic of a number of research analyst reports. KeyCorp lifted their target price on BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Citigroup boosted their price objective on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Oppenheimer assumed coverage on BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective on the stock. Finally, UBS Group boosted their price objective on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.88.
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BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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