BorgWarner Inc. (NYSE:BWA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BorgWarner Inc. (NYSE:BWA) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.20.

BWA has been the subject of several recent research reports. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company cut their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Wolfe Research assumed coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction 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 of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently made changes to their positions in the business. Trillium Asset Management LLC increased its holdings in BorgWarner by 2.1% during the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after buying an additional 283 shares during the last quarter. Empirical Finance LLC raised its holdings in BorgWarner by 3.5% in the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after purchasing an additional 335 shares during the period. First Pacific Financial lifted its position in BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 340 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC increased its position in BorgWarner by 2.2% in the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after buying an additional 350 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $35.13 on Friday. BorgWarner has a 1 year low of $29.51 and a 1 year high of $40.76. The stock has a market capitalization of $8.00 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.94 and a beta of 1.20. The company’s 50-day moving average is $33.28 and its 200 day moving average is $33.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26.

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

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.25%. 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.