BorgWarner Inc. (NYSE:BWA) Director Sells $318,839.85 in Stock

BorgWarner Inc. (NYSE:BWA – Get Rating) Director Alexis P. Michas sold 7,173 shares of BorgWarner stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $44.45, for a total transaction of $318,839.85. Following the transaction, the director now directly owns 76,441 shares of the company’s stock, valued at $3,397,802.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BorgWarner Price Performance

BorgWarner stock opened at $46.15 on Friday. The company has a fifty day simple moving average of $46.83 and a 200-day simple moving average of $45.03. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.64 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.54. BorgWarner Inc. has a 52-week low of $31.14 and a 52-week high of $51.14.

BorgWarner (NYSE:BWA – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.16 billion. BorgWarner had a net margin of 5.97% and a return on equity of 14.85%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. On average, equities analysts anticipate that BorgWarner Inc. will post 5 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.47%. BorgWarner’s dividend payout ratio is presently 16.63%.

Hedge Funds Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWA. JPMorgan Chase & Co. increased its stake in shares of BorgWarner by 25.2% in the 1st quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock worth $14,458,000 after acquiring an additional 74,902 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of BorgWarner by 86.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 10,257 shares during the period. MetLife Investment Management LLC increased its position in BorgWarner by 23.1% during the first quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock worth $2,537,000 after purchasing an additional 12,257 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in BorgWarner by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock worth $1,248,000 after purchasing an additional 1,987 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in BorgWarner by 1.8% in the 1st quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock valued at $1,802,000 after purchasing an additional 840 shares during the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the topic of several analyst reports. Oppenheimer raised their price target on shares of BorgWarner from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Barclays cut their price target on BorgWarner from $62.00 to $58.00 in a research note on Monday, May 8th. Morgan Stanley upgraded BorgWarner from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $49.00 to $50.00 in a research report on Monday, May 15th. Wells Fargo & Company cut their price objective on BorgWarner from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, April 10th. Finally, StockNews.com upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.73.

BorgWarner Company Profile

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BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.