BorgWarner (NYSE:BWA) Cut to “Hold” at StockNews.com

StockNews.com cut shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a research note published on Friday morning.

Several other equities analysts have also weighed in on the company. Morgan Stanley cut their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

BorgWarner Stock Up 3.4 %

Shares of NYSE:BWA opened at $28.72 on Friday. BorgWarner has a 52 week low of $27.65 and a 52 week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market cap of $6.28 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The firm has a 50 day simple moving average of $30.65 and a 200 day simple moving average of $32.71.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, research analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, March 3rd. BorgWarner’s payout ratio is presently 30.77%.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,800 shares of company stock worth $1,347,701. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of BorgWarner

Several hedge funds and other institutional investors have recently modified their holdings of BWA. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in BorgWarner during the fourth quarter worth approximately $9,286,000. American Trust lifted its holdings in BorgWarner by 11.7% during the 4th quarter. American Trust now owns 11,897 shares of the auto parts company’s stock worth $378,000 after purchasing an additional 1,243 shares during the last quarter. Forum Financial Management LP boosted its stake in BorgWarner by 26.4% in the 4th quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company’s stock valued at $259,000 after purchasing an additional 1,702 shares during the period. Public Employees Retirement System of Ohio acquired a new position in BorgWarner in the 4th quarter valued at $3,722,000. Finally, Neo Ivy Capital Management bought a new position in BorgWarner during the 4th quarter worth $188,000. Institutional investors own 95.67% of the company’s stock.

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.