BorgWarner (NYSE:BWA) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of BorgWarner (NYSE:BWA) from a hold rating to a buy rating in a report released on Monday morning.

Several other brokerages have also recently commented on BWA. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Piper Sandler cut their price target on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.06.

BorgWarner Price Performance

Shares of BWA stock opened at $29.47 on Monday. BorgWarner has a 52 week low of $27.65 and a 52 week high of $38.23. The stock’s fifty day moving average is $30.31 and its 200-day moving average is $32.51. 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 stock has a market capitalization of $6.47 billion, a PE ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last released its 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 return on equity of 15.93% and a net margin of 2.40%. Equities research analysts expect that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BWA. Wellington Management Group LLP increased its holdings in BorgWarner by 231.1% during the fourth quarter. Wellington Management Group LLP now owns 91,466 shares of the auto parts company’s stock worth $2,908,000 after buying an additional 63,837 shares during the last quarter. 111 Capital acquired a new position in shares of BorgWarner during the 4th quarter worth about $206,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of BorgWarner in the 4th quarter valued at about $9,286,000. American Trust lifted its stake in BorgWarner by 11.7% in 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 last quarter. Finally, Forum Financial Management LP grew 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 period. Institutional investors and hedge funds 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.