BorgWarner (NYSE:BWA) Reaches New 1-Year Low Following Insider Selling

BorgWarner Inc. (NYSE:BWA) reached a new 52-week low during trading on Thursday following insider selling activity. The stock traded as low as $27.65 and last traded at $27.92, with a volume of 1489764 shares trading hands. The stock had previously closed at $28.56.

Specifically, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BWA shares. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.73.

BorgWarner Stock Up 3.4 %

The company has a market capitalization of $6.28 billion, a PE ratio of 20.08, a PEG ratio of 0.77 and a beta of 1.21. The company’s 50 day moving average is $30.70 and its two-hundred day moving average is $32.76. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. BorgWarner’s payout ratio is currently 30.77%.

Institutional Investors Weigh In On BorgWarner

Several institutional investors have recently made changes to their positions in BWA. Studio Investment Management LLC lifted its holdings in BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after buying an additional 310 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after buying an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after buying an additional 393 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

About BorgWarner

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.