BorgWarner Inc. (NYSE:BWA) Receives Average Recommendation of “Moderate Buy” from Brokerages

BorgWarner Inc. (NYSE:BWA) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $41.07.

Several equities research analysts have recently weighed in on the company. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Barclays upped their price target on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Bank of America dropped their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in shares of BorgWarner during the second quarter worth about $1,681,000. Ariadne Wealth Management LP bought a new position in BorgWarner in the 2nd quarter worth about $152,000. Quarry LP acquired a new stake in shares of BorgWarner in the second quarter valued at approximately $96,000. NewEdge Advisors LLC raised its holdings in shares of BorgWarner by 28.5% during the second quarter. NewEdge Advisors LLC now owns 37,655 shares of the auto parts company’s stock valued at $1,214,000 after buying an additional 8,361 shares during the last quarter. Finally, Creative Planning boosted its position in shares of BorgWarner by 4.9% during the second quarter. Creative Planning now owns 26,641 shares of the auto parts company’s stock worth $859,000 after buying an additional 1,246 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Trading Up 1.8 %

NYSE BWA opened at $32.88 on Tuesday. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.73 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. BorgWarner has a one year low of $29.51 and a one year high of $42.27. The company’s 50 day moving average price is $32.78 and its 200 day moving average price is $33.51.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm posted $1.35 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner will post 4.1 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. BorgWarner’s payout ratio is 16.67%.

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.