BorgWarner (NYSE:BWA) Price Target Lowered to $40.00 at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its price objective cut by Wells Fargo & Company from $42.00 to $40.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other equities research analysts also recently weighed in on BWA. Deutsche Bank Aktiengesellschaft raised their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Stock Performance

Shares of BWA opened at $32.99 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $34.34 and a 200-day moving average price of $33.64. The company has a market cap of $7.21 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. BorgWarner has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, equities analysts forecast that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,010 shares of company stock worth $7,678,076. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

A number of large investors have recently modified their holdings of the stock. Matrix Trust Co purchased a new stake in BorgWarner in the third quarter worth about $25,000. Brooklyn Investment Group purchased a new position in shares of BorgWarner in the 3rd quarter valued at approximately $32,000. LRI Investments LLC boosted its position in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter valued at approximately $32,000. Finally, True Wealth Design LLC purchased a new stake in BorgWarner in the third quarter worth $38,000. Institutional investors own 95.67% of the company’s stock.

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.