BorgWarner (BWA) is Initiated by Berenberg to Sell

BorgWarner (BWA) was Initiated by Berenberg to “Sell”. Berenberg advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on BorgWarner. BorgWarner was Downgraded by BofA/Merrill to ” Underperform” on Nov 9, 2016.

On the company’s financial health, BorgWarner reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $2214.20 million for the quarter, compared to analysts expectations of $2184.67 million. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

BorgWarner opened for trading at $35.41 and hit $35.96 on the upside on Monday, eventually ending the session at $35.68, with a gain of 0.85% or 0.3 points. The heightened volatility saw the trading volume jump to 24,55,343 shares. Company has a market cap of $7,599 M.

Investors should note that on Nov 9, 2016, BorgWarner announced a cash dividend of $0.1400. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

In a different news, on Aug 30, 2016, Brady D Ericson (Vice President) sold 17,132 shares at $33.69 per share price. According to the SEC, on Aug 4, 2016, Thomas J. Mcgill (Vice President and Treasurer) sold 5,000 shares at $31.83 per share price. On May 31, 2016, Dennis C Cuneo (director) sold 2,500 shares at $33.53 per share price, according to the Form-4 filing with the securities and exchange commission.

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.


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BorgWarner - Is it time to Sell?

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