BorgWarner Inc. (NYSE:BWA – Get Free Report) VP Stefan Demmerle sold 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the vice president directly owned 208,746 shares of the company’s stock, valued at approximately $12,942,252. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Stefan Demmerle also recently made the following trade(s):
- On Friday, May 8th, Stefan Demmerle sold 20,000 shares of BorgWarner stock. The stock was sold at an average price of $59.26, for a total value of $1,185,200.00.
- On Tuesday, March 10th, Stefan Demmerle sold 2,500 shares of BorgWarner stock. The stock was sold at an average price of $53.03, for a total value of $132,575.00.
BorgWarner Price Performance
NYSE BWA opened at $63.83 on Wednesday. The business has a 50 day simple moving average of $54.66 and a 200 day simple moving average of $50.26. BorgWarner Inc. has a 52-week low of $31.83 and a 52-week high of $70.08. 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 stock has a market cap of $13.09 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.30 and a beta of 1.00.
BorgWarner Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 1st. BorgWarner’s dividend payout ratio is presently 40.24%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BWA. Evercore reissued an “outperform” rating and set a $75.00 target price on shares of BorgWarner in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $81.00 price target on shares of BorgWarner in a research note on Tuesday, April 21st. Wall Street Zen cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BorgWarner in a research note on Monday, April 20th. Finally, New Street Research set a $66.00 price target on shares of BorgWarner in a research note on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $67.50.
Check Out Our Latest Stock Analysis on BWA
Hedge Funds Weigh In On BorgWarner
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of BorgWarner by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock worth $1,212,345,000 after acquiring an additional 667,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BorgWarner by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock valued at $538,996,000 after buying an additional 178,853 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of BorgWarner by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock valued at $415,559,000 after buying an additional 1,703,576 shares during the last quarter. State Street Corp boosted its holdings in shares of BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after buying an additional 380,942 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of BorgWarner by 6.7% in the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock valued at $290,481,000 after buying an additional 402,887 shares during the last quarter. 95.67% of the stock is owned by institutional investors.
BorgWarner Company Profile
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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