BorgWarner (NYSE:BWA) Cut to Hold at StockNews.com

StockNews.com lowered shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a report published on Friday.

Other analysts have also recently issued research reports about the stock. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Barclays lowered their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.47.

BorgWarner Stock Down 0.8 %

BWA opened at $30.00 on Friday. BorgWarner has a one year low of $29.33 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The stock has a market capitalization of $6.56 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The business’s 50-day simple moving average is $32.42 and its 200-day simple moving average is $33.29.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. Analysts anticipate that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BWA. Pacer Advisors Inc. increased its holdings in BorgWarner by 21,752.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares in the last quarter. Swedbank AB grew its position in shares of BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after purchasing an additional 774,438 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of BorgWarner by 3,195.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock worth $18,366,000 after purchasing an additional 568,594 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after purchasing an additional 445,540 shares during the last quarter. Finally, Bridgewater Associates LP lifted its stake in BorgWarner by 4,509.5% in the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock valued at $13,752,000 after buying an additional 370,726 shares in the last quarter. 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.