Insider Selling: BorgWarner Inc. (BWA) EVP Sells $2,020,313.40 in Stock

BorgWarner Inc. (NYSE:BWA) EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of BorgWarner Inc. (NYSE BWA) opened at $52.00 on Friday. BorgWarner Inc. has a fifty-two week low of $37.54 and a fifty-two week high of $55.86. The company has a market capitalization of $11,005.77, a price-to-earnings ratio of 14.22, a PEG ratio of 1.58 and a beta of 1.76. 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 announced its earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the 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 the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $0.78 earnings per share. BorgWarner’s revenue was up 9.1% compared to the same quarter last year. sell-side analysts anticipate that BorgWarner Inc. will post 3.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, November 30th. BorgWarner’s dividend payout ratio is currently 49.28%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cutter & CO Brokerage Inc. lifted its stake in BorgWarner by 1.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock worth $223,000 after acquiring an additional 90 shares in the last quarter. MML Investors Services LLC lifted its stake in BorgWarner by 1.2% in the 2nd quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock worth $314,000 after acquiring an additional 91 shares in the last quarter. Mastrapasqua Asset Management Inc. lifted its stake in BorgWarner by 0.4% in the 2nd quarter. Mastrapasqua Asset Management Inc. now owns 27,858 shares of the auto parts company’s stock worth $1,180,000 after acquiring an additional 100 shares in the last quarter. Sentry Investment Management LLC lifted its stake in BorgWarner by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock worth $573,000 after acquiring an additional 120 shares in the last quarter. Finally, Westover Capital Advisors LLC lifted its stake in BorgWarner by 1.6% in the 2nd quarter. Westover Capital Advisors LLC now owns 12,496 shares of the auto parts company’s stock worth $529,000 after acquiring an additional 200 shares in the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. Royal Bank of Canada restated a “hold” rating and set a $61.00 price objective on shares of BorgWarner in a research note on Wednesday. Oppenheimer assumed coverage on BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 price objective for the company. Citigroup upped their price objective on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. BMO Capital Markets increased their price target on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, UBS increased their price target on BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.12.

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About BorgWarner

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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