BorgWarner Inc. (NYSE:BWA) Receives $44.30 Average PT from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $44.30.

Several equities research analysts have recently weighed in on the company. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Wells Fargo & Company dropped their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Barclays raised their price target on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On BorgWarner

Several institutional investors and hedge funds have recently modified their holdings of BWA. Norges Bank purchased a new stake in shares of BorgWarner in the fourth quarter worth about $92,430,000. Nuveen Asset Management LLC boosted its position in shares of BorgWarner by 351.3% in the second quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock worth $131,033,000 after buying an additional 2,085,433 shares during the period. Boston Partners boosted its position in shares of BorgWarner by 58.9% in the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock worth $211,762,000 after buying an additional 1,951,783 shares during the period. Invesco Ltd. boosted its position in shares of BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock worth $177,591,000 after buying an additional 1,024,361 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of BorgWarner by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after acquiring an additional 948,659 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 1.1 %

Shares of NYSE:BWA opened at $33.13 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $32.56 and a two-hundred day moving average of $34.29. The stock has a market cap of $7.61 billion, a P/E ratio of 12.41, a PEG ratio of 1.00 and a beta of 1.30. BorgWarner has a 52-week low of $29.51 and a 52-week high of $50.04.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts expect that BorgWarner will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner’s dividend payout ratio is presently 16.48%.

BorgWarner Company Profile

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.