Internal Sales: BorgWarner Inc. (NYSE:BWA) EVP sells $66,112.00 in stock

BorgWarner Inc. (NYSE:BWA – Get Your Free Report ) EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

BorgWarner stock down 0.3%

Shares of BorgWarner stock opened at $32.64 on Friday. The company has a 50 day simple moving average of $32.73 and a two hundred day simple moving average of $33.38. The stock has a market cap of $7.44 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. BorgWarner Inc. it has a 52-week low of $29.51 and a 52-week high of $42.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.20, and a current ratio of 1.62.

BorgWarner (NYSE:BWA – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted EPS of $1.35. The company’s quarterly revenue was down 20.3% year over year. On average, analysts anticipate that BorgWarner Inc. will post 4.06 EPS for the current fiscal year.

BorgWarner announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 6% of its shares through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

BorgWarner announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a $0.11 dividend. The ex-dividend date is Tuesday, September 3rd. This represents an annualized dividend of $0.44 and a yield of 1.35%. BorgWarner’s payout ratio is 16.67%.

BorgWarner Institutional Trading

A number of large investors have recently made changes to their positions in BWA. Quarry LP bought a new stake in shares of BorgWarner in the second quarter valued at $96,000. NewEdge Advisors LLC boosted its holdings in shares of BorgWarner by 28.5% in the second quarter. NewEdge Advisors LLC now owns 37,655 shares of the auto parts company’s stock worth $1,214,000 after purchasing an additional 8,361 shares during the last quarter. Creative Planning raised its position in BorgWarner by 4.9% in the second quarter. Creative Planning now owns 26,641 shares of the auto parts company’s stock valued at $859,000 after buying an additional 1,246 shares during the period. Algert Global LLC acquired a new stake in BorgWarner during the second quarter valued at approximately $3,107,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of BorgWarner in the second quarter valued at $389,000. 95.67% of shares are currently owned by institutional investors.

Analysts set new price targets

BWA has been the subject of several recent analyst reports. Citigroup cut their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company cut their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. TD Cowen boosted their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Oppenheimer raised their target price on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.41.

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About BorgWarner

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BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid and electric vehicles worldwide. Offers turbochargers, eBoosters, eTurbo, timing systems, emissions systems, thermal systems, gasoline ignition technology, remote intelligent actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters and charging batteries.

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