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Insiders At BorgWarner Sold US$9.3m In Stock, Alluding To Potential Weakness

Insiders At BorgWarner Sold US$9.3m In Stock, Alluding To Potential Weakness

博格華納內部人士出售了930萬美元的股票,暗示了潛在的疲軟
Simply Wall St ·  05/24 00:00

In the last year, many BorgWarner Inc. (NYSE:BWA) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

在過去一年中,博格華納公司(紐交所:BWA)的許多內部人士出售了大量公司股份,這可能引起了股東的注意。當分析內部交易時,通常更有價值的是知道內部人士是購買還是出售股票,而不是知道他們是否正在出售,因爲後者傳達了一個含糊的信息。然而,如果有多個內部人士在特定時間段內出售股票,股東應該仔細審查。

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

雖然我們永遠不會建議投資者僅基於公司董事已經做出的決策而做出決策,但同時我們認爲完全忽略內部交易是愚蠢的。

The Last 12 Months Of Insider Transactions At BorgWarner

BorgWarner的內部交易的過去12個月

Over the last year, we can see that the biggest insider sale was by the President, Frederic Lissalde, for US$7.0m worth of shares, at about US$31.08 per share. That means that even when the share price was below the current price of US$35.85, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 33% of Frederic Lissalde's holding.

在過去的一年中,我們可以看到總裁Frederic Lissalde以每股31.08美元的價格出售了價值700萬美元的股票,即使股價低於當前的35.85美元,內部人士也想賣出一些股票。一般規則認爲,如果內部人士以低於當前價格的價格出售股票,這會讓人們感到沮喪,因爲這表明他們對較低的估值感到滿意。然而,儘管內部人士的出售有時令人沮喪,但這只是一個薄弱的信號。我們注意到最大的單筆銷售僅佔Frederic Lissalde持股量的33%。

In the last year BorgWarner insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

在過去一年中,博格華納的內部人士沒有購買任何公司股票。您可以看到過去12個月(公司和個人)內部交易的視覺描繪如下。如果您單擊圖表,可以看到所有單獨的交易,包括股價,個人和日期!

insider-trading-volume
NYSE:BWA Insider Trading Volume May 23rd 2024
紐交所:BWA內部交易成交量於2024年5月23日

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

如果您和我一樣,您就不會錯過這個免費的小盤股票列表,這些股票不僅被內部人士購買,而且估值也很有吸引力。

BorgWarner Insiders Are Selling The Stock

博格華納的內部人士正在拋售股票

The last three months saw significant insider selling at BorgWarner. In total, insiders dumped US$850k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.

最近三個月,博格華納的內部人士大量拋售股票,總額爲85萬美元,而我們沒有任何記錄的購買。總體上,這使我們有些謹慎,但這並不是唯一的關鍵。

Does BorgWarner Boast High Insider Ownership?

博格華納是否擁有高內部持股?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. BorgWarner insiders own about US$64m worth of shares. That equates to 0.8% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

查看公司的總內部股份持股可以幫助您了解他們是否與普通股東對齊。高內部持股往往使公司領導更加關注股東利益。博格華納的內部人士擁有約價值6400萬美元的股份。相當於該公司的0.8%。儘管這是一個強有力但不是傑出的內部持股水平,但足以表明管理層和小股東之間的某些對齊。

So What Do The BorgWarner Insider Transactions Indicate?

那麼博格華納的內部交易表明什麼?在過去的三個月中,內部人員沒有買入博格華納股票,但卻存在某種程度的賣出。即使我們看過去的一年,我們也沒有看到任何購買。但是看到博格華納的盈利增長是好的。內部持股並不特別高,因此我們對該公司持謹慎態度。在購買之前,我們會多加註意!因此,雖然了解內部人士在購買或出售方面的活動對於了解特定公司面臨的風險也是有益的。在投資風險方面,我們已經識別出博格華納的2個警示信號,而了解它們應該成爲您的投資過程的一部分。

Insiders haven't bought BorgWarner stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But it is good to see that BorgWarner is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 2 warning signs with BorgWarner and understanding them should be part of your investment process.

當然,博格華納可能不是最好的股票買入選擇。因此,您可能希望查看這個高質量公司的免費收藏。

Of course BorgWarner may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

對於本文而言,內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置,但不包括衍生交易或間接利益。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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