BorgWarner Inc. (NYSE:BWA – Get Free Report) VP Stefan Demmerle sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $59.26, for a total value of $1,185,200.00. Following the completion of the transaction, the vice president owned 213,746 shares in the company, valued at $12,666,587.96. This represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stefan Demmerle also recently made the following trade(s):
- On Monday, May 11th, Stefan Demmerle sold 5,000 shares of BorgWarner stock. The stock was sold at an average price of $62.00, for a total value of $310,000.00.
- On Tuesday, March 10th, Stefan Demmerle sold 2,500 shares of BorgWarner stock. The shares were sold at an average price of $53.03, for a total value of $132,575.00.
BorgWarner Trading Down 0.8%
NYSE:BWA traded down $0.52 during trading hours on Tuesday, hitting $62.63. The stock had a trading volume of 760,099 shares, compared to its average volume of 2,735,725. BorgWarner Inc. has a one year low of $31.83 and a one year high of $70.08. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 1.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. The business’s 50 day moving average is $54.53 and its 200-day moving average is $50.12.
BorgWarner Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio is currently 40.24%.
Institutional Investors Weigh In On BorgWarner
Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of BorgWarner in the 3rd quarter valued at $27,000. Prosperity Bancshares Inc bought a new position in shares of BorgWarner in the fourth quarter worth about $37,000. Sound Income Strategies LLC boosted its stake in shares of BorgWarner by 9,888.9% in the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 890 shares in the last quarter. Torren Management LLC bought a new stake in shares of BorgWarner during the 4th quarter valued at approximately $48,000. Finally, Olistico Wealth LLC bought a new position in BorgWarner in the 4th quarter valued at approximately $50,000. Institutional investors own 95.67% of the company’s stock.
Analysts Set New Price Targets
BWA has been the subject of a number of recent research reports. New Street Research set a $66.00 price target on BorgWarner in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on BorgWarner in a report on Tuesday, April 21st. Morgan Stanley set a $60.00 target price on BorgWarner in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of BorgWarner to $73.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $67.50.
Check Out Our Latest Research Report on BorgWarner
About BorgWarner
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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