Brokerages Set BorgWarner Inc. (NYSE:BWA) Target Price at $44.30

BorgWarner Inc. (NYSE:BWA) has received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $44.30.

A number of equities research analysts recently weighed in on BWA shares. Robert W. Baird cut BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $39.00 in a report on Wednesday, January 3rd. Barclays raised their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. BNP Paribas cut shares of 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 report on Tuesday, February 20th. Finally, StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the transaction, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,503 shares of company stock worth $9,015,478. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BWA. Parkside Investments LLC grew its stake in BorgWarner by 28.7% in the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after purchasing an additional 43,955 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in BorgWarner in the third quarter valued at about $833,000. O Shaughnessy Asset Management LLC grew its stake in BorgWarner by 24.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after purchasing an additional 35,986 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of BorgWarner in the third quarter worth about $69,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of BorgWarner in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Down 1.8 %

NYSE:BWA opened at $31.87 on Friday. BorgWarner has a 12-month low of $29.51 and a 12-month high of $50.04. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7.32 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. The stock has a fifty day moving average price of $32.48 and a 200 day moving average price of $34.21.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS 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 firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that BorgWarner will post 3.9 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.38%. BorgWarner’s dividend payout ratio (DPR) is 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.