Today, the VP & Treasurer of BorgWarner (NYSE: BWA), Thomas Mcgill, sold shares of BWA for $145.2K.
Following Thomas Mcgill’s last BWA Sell transaction on August 04, 2016, the stock climbed by 13.0%. In addition to Thomas Mcgill, one other BWA executive reported Sell trades in the last month.
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Based on BorgWarner’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.69 billion and quarterly net profit of $272 million. In comparison, last year the company earned revenue of $2.39 billion and had a net profit of $212 million. BWA’s market cap is $9.32B and the company has a P/E ratio of 17.51. Currently, BorgWarner has an average volume of 1.09M.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.29, reflecting a -23.0% downside. Three different firms, including Berenberg Bank and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on BorgWarner has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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BorgWarner, Inc. operates as a clean and efficient technology company. It offers solutions for combustion, hybrid and electric vehicles. Its products improve vehicle performance, propulsion efficiency, stability and air quality. The company also manufactures and sells products to tier one vehicle systems suppliers.
