BorgWarner (NYSE:BWA) Cut to Hold at TD Cowen

TD Cowen lowered shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat reports. The brokerage currently has $31.00 price target on the auto parts company’s stock.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday. 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 report on Monday, March 3rd. 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 report on Thursday, January 16th. Evercore ISI dropped their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, 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 report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $39.93.

BorgWarner Stock Up 1.6 %

BWA stock opened at $29.85 on Friday. BorgWarner has a 12 month low of $27.90 and a 12 month high of $38.22. The firm has a market cap of $6.53 billion, a PE ratio of 20.87, a P/E/G ratio of 0.77 and a beta of 1.21. The firm has a 50 day simple moving average of $30.93 and a 200 day simple moving average of $32.87. 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 (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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 forecast that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of BorgWarner during the fourth quarter worth approximately $9,286,000. American Trust boosted its holdings in shares of BorgWarner by 11.7% in the fourth quarter. American Trust now owns 11,897 shares of the auto parts company’s stock valued at $378,000 after buying an additional 1,243 shares during the period. Forum Financial Management LP boosted its holdings in BorgWarner by 26.4% during the fourth quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company’s stock worth $259,000 after purchasing an additional 1,702 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in BorgWarner during the fourth quarter worth $3,722,000. Finally, Neo Ivy Capital Management acquired a new position in BorgWarner during the fourth quarter worth $188,000. 95.67% of the stock is 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.