It is currently trading at $45.61 a bit higher than the 50 day moving average which is $41.98 and just a bit higher than the 200 day moving average of $41.14. The 50 day moving average went up $3.63 or +8.66% whereas the 200 day moving average was up $4.47 or +10.87%. Trading volume for BorgWarner Inc. was 2,308K in the last trading session. Shares saw a steep increase in trading volume of 42.20% over the normal average daily volume.
BorgWarner Inc. (NYSE:BWA) has been the object of insider selling activity recently. Dennis C. Cuneo, Director disclosed the sale of 1,000 shares of (BWA). The shares were sold on June 13th for an average price of $44.06. Cuneo now owns $590,310 of the stock according to the SEC filing. Exec. Vice President and CFO Ronald T. Hundzinski sold 3,776 shares at an average price of $41.53 on May 5th. That brings Hundzinski’s holdings to $5,895,509 per an SEC filing yesterday.
Director Alexis P. Michas disclosed the sale of 10,000 shares of BWA stock. The shares were purchased at an average price of $42.68. The Director now owns $3,532,959 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in BWA. As of quarter end Mackenzie Financial Corp had acquired 221,877 shares growing its stake by 1,129.8%. The value of the investment in BWA increased from $775,000 to $10,093,000 a change of 1,202.3% quarter over quarter. Proficio Capital Partners LLC bolstered its ownership by buying 10 shares an increase of 17.5%. Proficio Capital Partners LLC claims 67 shares worth $3,000. The total value of its holdings increased 50.0%.
As of the end of the quarter Morgan Stanley had sold a total of 993 shares trimming its position 6.2%. The value of the investment in BorgWarner Inc. went from $636,000 to $632,000 decreasing 0.6% for the reporting period. As of the end of the quarter Winton Group Ltd had sold 126,501 shares trimming its holdings by 68.1%. The value of the total investment in BorgWarner Inc. decreased from $7,328,000 to $2,478,000 a change of $4,850,000 quarter to quarter.
On June 21 analysts at Guggenheim began coverage by announcing an initial rating of “Neutral”. Jefferies started covering BWA with a rating of “Buy”.
Equity analyst Berenberg initiated coverage setting a rating of “Sell”. On November 9 the company was downgraded to “Underperform” from “Neutral” and a price target of $29.00 was set in an announcement from Bank of America.
On October 6 the stock rating was downgraded from “” to “Neutral” in a statement from . On October 6, 2016 the stock rating was rated “Neutral” in a report from Goldman Sachs a cut from the previous “Buy” rating.
The company is now up by 0.18 percent from yesterday’s close. BorgWarner Inc. declared a dividend that was paid on Thursday the 15th of June 2017. The dividend payment was $0.140 per share for the quarter or $0.56 annualized. The dividend yield was $1.24. The ex-dividend date was set for Tuesday the 30th of May 2017.
BorgWarner Inc. currently has a P/E ratio of 67.87 and the market value is 9.68B. In the latest earnings report the EPS was $0.67 and is expected to be $3.57 for the current year with 212,219,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.83 with next year’s EPS anticipated to be $3.83.
BorgWarner Inc., launched on May 4, 1987, is involved in providing technology solutions for combustion, hybrid and electric vehicles. The Business’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Business’s products are manufactured and sold across the world, primarily to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). Its products are also sold to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). The Company also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in Europe, the Americas and Asia..