BorgWarner Inc. (NYSE:BWA – Get Free Report) VP Isabelle Mckenzie sold 3,500 shares of BorgWarner stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total transaction of $221,725.00. Following the completion of the sale, the vice president directly owned 57,828 shares of the company’s stock, valued at approximately $3,663,403.80. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Isabelle Mckenzie also recently made the following trade(s):
- On Wednesday, February 18th, Isabelle Mckenzie sold 2,458 shares of BorgWarner stock. The stock was sold at an average price of $61.54, for a total transaction of $151,265.32.
- On Friday, February 13th, Isabelle Mckenzie sold 3,500 shares of BorgWarner stock. The shares were sold at an average price of $63.26, for a total value of $221,410.00.
BorgWarner Stock Performance
Shares of BorgWarner stock opened at $67.00 on Thursday. The business has a 50-day simple moving average of $54.88 and a 200 day simple moving average of $50.42. BorgWarner Inc. has a one year low of $31.83 and a one year high of $70.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.23 and a beta of 1.00.
BorgWarner Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 1.0%. BorgWarner’s dividend payout ratio (DPR) is presently 40.24%.
Institutional Trading of BorgWarner
Several institutional investors have recently made changes to their positions in the company. Lido Advisors LLC lifted its position in shares of BorgWarner by 25.2% during the first quarter. Lido Advisors LLC now owns 17,366 shares of the auto parts company’s stock valued at $942,000 after purchasing an additional 3,496 shares in the last quarter. First Trust Advisors LP grew its position in BorgWarner by 73.8% in the 1st quarter. First Trust Advisors LP now owns 544,485 shares of the auto parts company’s stock worth $29,544,000 after purchasing an additional 231,242 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in BorgWarner by 1.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 51,419 shares of the auto parts company’s stock valued at $2,790,000 after buying an additional 768 shares during the last quarter. Convergence Investment Partners LLC lifted its position in shares of BorgWarner by 20.5% during the 1st quarter. Convergence Investment Partners LLC now owns 28,345 shares of the auto parts company’s stock worth $1,538,000 after buying an additional 4,813 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of BorgWarner by 24.3% in the 1st quarter. Meeder Asset Management Inc. now owns 31,561 shares of the auto parts company’s stock worth $1,712,000 after buying an additional 6,174 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on BWA shares. Barclays upped their price objective on shares of BorgWarner from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. TD Cowen boosted their target price on shares of BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $75.00 target price on shares of BorgWarner in a report on Tuesday, February 17th. JPMorgan Chase & Co. cut their price target on BorgWarner to $73.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, UBS Group boosted their price objective on BorgWarner from $56.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.50.
Check Out Our Latest Stock Analysis on BorgWarner
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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