Stefan Demmerle Sells 20,544 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Stefan Demmerle also recently made the following trade(s):

• On Thursday, November 14th, Stefan Demmerle sold 21,500 shares of BorgWarner stock. The stock was sold at an average price of $34.79, for a total value of $747,985.00.

BorgWarner Stock Up 0.1 %

Shares of NYSE:BWA opened at $34.32 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.51 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The stock’s fifty day simple moving average is $34.57 and its 200-day simple moving average is $33.83.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. BorgWarner’s dividend payout ratio (DPR) is currently 11.17%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research assumed coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Matrix Trust Co acquired a new stake in shares of BorgWarner during the third quarter worth $25,000. LRI Investments LLC boosted its stake in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after buying an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner in the 2nd quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $32,000. Finally, Olistico Wealth LLC purchased a new position in shares of BorgWarner during the 2nd quarter worth about $35,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Company Profile

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