Insider Selling: BorgWarner Inc. (BWA) Insider Sells 16,780 Shares of Stock

BorgWarner Inc. (NYSE:BWA) insider Brady D. Ericson sold 16,780 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $39.70, for a total transaction of $666,166.00. Following the completion of the sale, the insider now owns 18,089 shares of the company’s stock, valued at approximately $718,133.30. The sale was disclosed in a filing with the SEC, which is accessible through this link.

BWA stock opened at $39.41 on Thursday. BorgWarner Inc. has a 12-month low of $35.71 and a 12-month high of $58.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 1.35 and a beta of 1.88.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.45 billion. BorgWarner had a net margin of 5.26% and a return on equity of 22.68%. On average, research analysts expect that BorgWarner Inc. will post 4.37 earnings per share for the current fiscal year.



A number of equities research analysts have issued reports on the stock. Wells Fargo & Co upgraded shares of BorgWarner from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $57.00 to $56.00 in a research report on Wednesday, July 18th. Oppenheimer cut their target price on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, July 23rd. Citigroup cut their target price on shares of BorgWarner from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. ValuEngine downgraded shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Finally, Royal Bank of Canada cut their target price on shares of BorgWarner to $49.00 and set a “positive” rating for the company in a research report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $54.38.

Several institutional investors have recently added to or reduced their stakes in BWA. Cerebellum GP LLC bought a new position in shares of BorgWarner during the 2nd quarter valued at $166,000. CIBC World Markets Inc. bought a new position in shares of BorgWarner during the 1st quarter valued at $210,000. Whittier Trust Co. raised its holdings in shares of BorgWarner by 90.8% during the 2nd quarter. Whittier Trust Co. now owns 3,478 shares of the auto parts company’s stock valued at $227,000 after purchasing an additional 1,655 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of BorgWarner by 72.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 5,267 shares of the auto parts company’s stock valued at $227,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new position in shares of BorgWarner during the 2nd quarter valued at $237,000. Institutional investors and hedge funds own 91.65% of the company’s stock.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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