Borgwarner Inc (BWA): Dennis C Cuneo , director of Borgwarner Inc sold 2,500 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $33.53 per share for a total value of $83,829.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Ronald T Hundzinski (Vice President and CFO) sold 3,721 shares at $35.06 per share price.On Mar 17, 2016, Alexis P Michas (director) sold 10,000 shares at $36.69 per share price.Also, On Mar 14, 2016, Steven G. Carlson (Vice President and Controller) sold 24,000 shares at $35.78 per share price.On Mar 13, 2015, Dennis C Cuneo (director) sold 1,000 shares at $58.99 per share price.
BorgWarner: On Friday, May 27, 2016 heightened volatility was witnessed in BorgWarner which led to swings in the share price. The shares opened for trading at $33.22 and hit $33.68 on the upside , eventually ending the session at $33.6, with a gain of 1.14% or 0.38 points. The heightened volatility saw the trading volume jump to 16,96,286 shares. The 52-week high of the share price is $62.32 and the company has a market cap of $7,312 M . The 52-week low of the share price is at $27.68.
Company has been under the radar of several Street Analysts.BorgWarner is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 39 from a previous price target of $33 .The Rating was issued on Apr 1, 2016.BorgWarner is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 29, 2016.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’ develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas Europe and Asia and is an equipment supplier to automotive OEM.