Analysts Set BorgWarner Inc. (NYSE:BWA) Target Price at $40.53

BorgWarner Inc. (NYSE:BWA) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.53.

A number of research analysts have recently issued reports on BWA shares. Evercore ISI cut their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays cut their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley cut their price objective on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On BorgWarner

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of BorgWarner by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock worth $358,720,000 after buying an additional 753,344 shares in the last quarter. Invesco Ltd. grew its holdings in shares of BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company’s stock worth $216,014,000 after buying an additional 628,930 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BorgWarner by 3.5% during the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after buying an additional 217,050 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company’s stock worth $190,142,000 after buying an additional 381,504 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 0.4 %

NYSE BWA opened at $29.32 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company’s 50-day simple moving average is $31.03 and its two-hundred day simple moving average is $32.92. BorgWarner has a one year low of $27.90 and a one year high of $38.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities analysts forecast that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is presently 30.77%.

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.