BorgWarner Inc. (NYSE:BWA – Get Free Report) EVP Tania Wingfield sold 5,000 shares of BorgWarner stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $63.24, for a total transaction of $316,200.00. Following the completion of the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Tania Wingfield also recently made the following trade(s):
- On Friday, February 13th, Tania Wingfield sold 17,867 shares of BorgWarner stock. The shares were sold at an average price of $63.43, for a total value of $1,133,303.81.
BorgWarner Price Performance
Shares of BorgWarner stock traded down $0.52 on Tuesday, reaching $62.63. 760,099 shares of the stock were exchanged, compared to its average volume of 2,735,725. The firm’s 50 day moving average is $54.53 and its 200-day moving average is $50.12. The firm has a market cap of $12.85 billion, a PE ratio of 37.11, a P/E/G ratio of 1.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. BorgWarner Inc. has a one year low of $31.83 and a one year high of $70.08.
BorgWarner Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio is 40.24%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $27,000. Prosperity Bancshares Inc bought a new position in shares of BorgWarner during the 4th quarter worth approximately $37,000. Sound Income Strategies LLC grew its position in shares of BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares during the period. Torren Management LLC acquired a new stake in shares of BorgWarner during the 4th quarter worth approximately $48,000. Finally, Olistico Wealth LLC bought a new stake in shares of BorgWarner in the 4th quarter valued at $50,000. 95.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on BWA. Morgan Stanley set a $60.00 price target on BorgWarner in a report on Thursday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner to $73.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen lowered shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group increased their price objective on BorgWarner from $54.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, New Street Research set a $66.00 price target on BorgWarner in a research report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $67.50.
Read Our Latest 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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