BorgWarner (NYSE:BWA) Given New $36.00 Price Target at The Goldman Sachs Group

BorgWarner (NYSE:BWA) had its price target reduced by The Goldman Sachs Group from $38.00 to $36.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently issued reports on BWA. UBS Group boosted their price objective on BorgWarner from $41.00 to $42.00 and gave the company a buy rating in a report on Wednesday, July 10th. StockNews.com raised shares of BorgWarner from a hold rating to a buy rating in a research note on Friday, August 2nd. Barclays raised their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a peer perform rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $36.00 target price on shares of BorgWarner in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BorgWarner presently has a consensus rating of Moderate Buy and a consensus price target of $41.20.

BorgWarner Price Performance

BorgWarner stock opened at $35.49 on Tuesday. BorgWarner has a 12-month low of $29.51 and a 12-month high of $40.76. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $33.10 and a 200-day moving average price of $33.75. The firm has a market capitalization of $8.09 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, equities research analysts forecast that BorgWarner will post 4.1 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 16.67%.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

Institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia boosted its stake in BorgWarner by 34.2% in the 4th quarter. Bank of Nova Scotia now owns 29,316 shares of the auto parts company’s stock worth $1,051,000 after purchasing an additional 7,474 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of BorgWarner by 48.6% in the fourth quarter. Eagle Asset Management Inc. now owns 57,960 shares of the auto parts company’s stock worth $2,078,000 after buying an additional 18,958 shares during the last quarter. KBC Group NV lifted its stake in shares of BorgWarner by 22.9% during the fourth quarter. KBC Group NV now owns 448,919 shares of the auto parts company’s stock worth $16,094,000 after buying an additional 83,511 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of BorgWarner during the fourth quarter valued at $406,000. Finally, Royal London Asset Management Ltd. increased its position in shares of BorgWarner by 6.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 91,872 shares of the auto parts company’s stock valued at $3,294,000 after acquiring an additional 5,502 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.