BorgWarner (NYSE:BWA) Given New $40.00 Price Target at TD Cowen

BorgWarner (NYSE:BWA) had its price target increased by TD Cowen from $36.00 to $40.00 in a research report sent to investors on Friday, Benzinga reports. TD Cowen currently has a buy rating on the auto parts company’s stock.

Several other equities analysts have also commented on BWA. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $34.00 and set a neutral rating for the company in a research report on Friday, February 9th. BNP Paribas cut shares of BorgWarner from an outperform rating to a neutral rating and decreased their price target for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $47.00 to $43.00 and set an overweight rating on the stock in a report on Friday, February 9th. StockNews.com cut BorgWarner from a buy rating to a hold rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. reduced their price target on BorgWarner from $59.00 to $52.00 and set an overweight rating for the company in a research report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $43.93.

BorgWarner Stock Up 2.3 %

Shares of BWA stock traded up $0.81 during trading hours on Friday, reaching $36.44. 4,825,565 shares of the company’s stock were exchanged, compared to its average volume of 2,527,433. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The stock’s 50 day moving average is $33.10 and its 200-day moving average is $33.76. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.07 and a beta of 1.30.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. Analysts predict that BorgWarner will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. BorgWarner’s payout ratio is presently 16.67%.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated 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 transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $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 the stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 287,503 shares of company stock valued at $9,015,478. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in BorgWarner by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock worth $973,239,000 after acquiring an additional 331,401 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of BorgWarner by 10.9% during 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 purchasing an additional 948,659 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of BorgWarner by 3.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after purchasing an additional 166,007 shares in the last quarter. Boston Partners lifted its holdings in shares of BorgWarner by 58.9% in the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after purchasing an additional 1,951,783 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.