BorgWarner Inc. (NYSE:BWA) Receives $40.40 Consensus Price Target from Brokerages

Shares of BorgWarner Inc. (NYSE:BWA) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.47.

Several research analysts recently weighed in on BWA shares. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group dropped their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th.

BorgWarner Trading Down 0.8 %

BWA stock opened at $30.00 on Friday. The business has a fifty day moving average price of $32.42 and a 200 day moving average price of $33.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. BorgWarner has a fifty-two week low of $29.33 and a fifty-two week high of $38.22. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Analysts expect that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

A number of large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of BorgWarner in the 2nd quarter valued at about $295,000. Creative Planning raised its position in shares of BorgWarner by 4.9% in the second quarter. Creative Planning now owns 26,641 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 1,246 shares during the period. Sanctuary Advisors LLC acquired a new stake in BorgWarner during the second quarter worth approximately $1,681,000. Handelsbanken Fonder AB boosted its stake in BorgWarner by 31.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,931 shares of the auto parts company’s stock valued at $1,594,000 after purchasing an additional 10,500 shares during the period. Finally, Czech National Bank grew its stake in shares of BorgWarner by 6.9% in the third quarter. Czech National Bank now owns 46,398 shares of the auto parts company’s stock valued at $1,684,000 after acquiring an additional 2,981 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

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.