BorgWarner (NYSE:BWA) VP Stefan Demmerle Sells 5,000 Shares

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. The trade was a 2.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, November 11th, Stefan Demmerle sold 15,000 shares of BorgWarner stock. The stock was sold at an average price of $45.52, for a total value of $682,800.00.

BorgWarner Stock Performance

NYSE BWA traded down $0.43 during trading hours on Friday, reaching $44.98. The stock had a trading volume of 240,768 shares, compared to its average volume of 2,677,271. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $46.39. The stock has a fifty day moving average of $43.71 and a 200 day moving average of $38.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The stock has a market cap of $9.62 billion, a P/E ratio of 47.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. BorgWarner’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. BorgWarner’s dividend payout ratio is presently 107.94%.

BorgWarner announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 714 shares in the last quarter. Assetmark Inc. raised its holdings in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 364 shares during the last quarter. Addison Advisors LLC lifted its position in shares of BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of BorgWarner in the third quarter worth approximately $27,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of BorgWarner during the first quarter worth approximately $30,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BWA shares. The Goldman Sachs Group boosted their price objective on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 29th. Barclays boosted their price target on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Piper Sandler boosted their target price on shares of BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.85.

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.