Borgwarner Inc (BWA): Ronald T Hundzinski , Vice President and CFO of Borgwarner Inc sold 3,721 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $35.06 per share for a total value of $130,475.38 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Alexis P Michas (director) sold 10,000 shares at $36.69 per share price.On Mar 16, 2016, Ronald T Hundzinski (Vice President and CFO) sold 20,344 shares at $35.68 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.
Shares of BorgWarner (BWA) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.41 points or -3.94% at $34.38 with 23,21,839 shares getting traded. Post opening the session at $35.44, the shares hit an intraday low of $34.355 and an intraday high of $35.52 and the price vacillated in this range throughout the day. The company has a market cap of $7,482 M and the number of outstanding shares has been calculated to be 21,76,19,230 shares. The 52-week high of BorgWarner is $62.32 and the 52-week low is $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 is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 16, 2016.BorgWarner is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 33 from a previous price target of $34 . The Rating was issued on Feb 12, 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.