BorgWarner Inc. (NYSE:BWA) Receives $41.21 Consensus PT from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $41.21.

BWA has been the subject of several research reports. The Goldman Sachs Group reduced their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Robert W. Baird lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wolfe Research initiated coverage on BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th.

Insider Buying and Selling

In other news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 201,466 shares of company stock worth $6,973,828 in the last quarter. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently bought and sold shares of the business. Matrix Trust Co acquired a new position in shares of BorgWarner during the 3rd quarter worth about $25,000. LRI Investments LLC grew its holdings in BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC bought a new stake in BorgWarner in the second quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new stake in BorgWarner in the third quarter worth $32,000. Finally, Olistico Wealth LLC bought a new position in shares of BorgWarner during the second quarter worth $35,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Down 2.9 %

Shares of BWA stock opened at $34.17 on Friday. The stock has a market cap of $7.47 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20. BorgWarner has a one year low of $29.51 and a one year high of $38.22. The stock has a fifty day moving average price of $34.50 and a 200 day moving average price of $33.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. Analysts predict that BorgWarner will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.