BorgWarner (NYSE:BWA) Price Target Cut to $36.00 by Analysts at Piper Sandler

BorgWarner (NYSE:BWA) had its price target reduced by Piper Sandler from $43.00 to $36.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other research analysts also recently weighed in on BWA. JPMorgan Chase & Co. dropped their target price 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. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Friday, March 7th. Finally, The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Stock Performance

Shares of BWA opened at $28.97 on Thursday. The firm’s 50 day moving average is $30.40 and its 200-day moving average is $32.58. The stock has a market capitalization of $6.33 billion, a P/E ratio of 20.26, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner has a 12-month low of $27.65 and a 12-month high of $38.23.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data 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 2.40% and a return on equity of 15.93%. Equities research analysts anticipate that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.52%. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. 111 Capital acquired a new position in BorgWarner during the 4th quarter valued at about $206,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in BorgWarner during the 4th quarter valued at about $9,286,000. American Trust lifted its position in BorgWarner by 11.7% during the 4th quarter. American Trust now owns 11,897 shares of the auto parts company’s stock valued at $378,000 after purchasing an additional 1,243 shares during the period. Forum Financial Management LP lifted its position in BorgWarner by 26.4% during 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. Finally, Public Employees Retirement System of Ohio acquired a new position in BorgWarner during the 4th quarter valued at about $3,722,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.