BorgWarner (NYSE:BWA) Given New $41.00 Price Target at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its target price lifted by Wells Fargo & Company from $40.00 to $41.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

A number of other brokerages have also recently weighed in on BWA. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Barclays dropped their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.47.

BorgWarner Trading Down 0.8 %

Shares of BWA stock opened at $30.00 on Friday. The firm has a fifty day moving average of $32.42 and a 200-day moving average of $33.28. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 0.66 and a beta of 1.18. BorgWarner has a 52-week low of $29.33 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. On average, equities research analysts forecast that BorgWarner will post 4.23 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Activity at BorgWarner

In related news, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares in the company, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 over the last ninety days. Company insiders own 0.63% of the company’s stock.

Institutional Trading of BorgWarner

Institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in BorgWarner during the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at $38,000. Trust Co. of Vermont increased its position in shares of BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after buying an additional 645 shares in the last quarter. Avior Wealth Management LLC raised its stake in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in BorgWarner during the third quarter worth about $62,000. 95.67% of the stock is owned by institutional investors.

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.