BorgWarner Inc. (NYSE:BWA) Given Average Rating of “Moderate Buy” by Brokerages

BorgWarner Inc. (NYSE:BWA) has received an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $40.73.

Several analysts recently weighed in on BWA shares. Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wells Fargo & Company cut their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, The Goldman Sachs Group cut their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after buying an additional 4,625,685 shares in the last quarter. Point72 Asset Management L.P. lifted its position in BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after acquiring an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after acquiring an additional 1,640,503 shares in the last quarter. Earnest Partners LLC grew its holdings in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after purchasing an additional 669,137 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of BorgWarner by 86.0% during the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after purchasing an additional 652,097 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

BorgWarner stock opened at $32.33 on Monday. BorgWarner has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.62 and a beta of 1.20. The firm’s fifty day moving average is $33.14 and its 200 day moving average is $33.38. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts forecast that BorgWarner will post 4.22 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

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.