BorgWarner (NYSE:BWA) Price Target Lowered to $40.00 at Evercore ISI

BorgWarner (NYSE:BWA) had its price target lowered by Evercore ISI from $43.00 to $40.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

BWA has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday. Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. 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, January 16th. Finally, Barclays cut their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.27.

BorgWarner Price Performance

Shares of BWA stock opened at $29.33 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. BorgWarner has a 52 week low of $29.28 and a 52 week high of $38.22. The stock has a market capitalization of $6.41 billion, a PE ratio of 20.51, a PEG ratio of 0.63 and a beta of 1.18. The stock’s fifty day moving average is $32.32 and its 200-day moving average is $33.27.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts expect that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated 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 directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in BorgWarner in the third quarter valued at approximately $32,000. True Wealth Design LLC bought a new position in BorgWarner in the third quarter valued at approximately $38,000. Avior Wealth Management LLC grew its stake in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Trust Co. of Vermont grew its stake in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 645 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of BorgWarner during the 4th quarter worth approximately $59,000. 95.67% of the stock is currently owned by institutional investors.

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.