Barclays Cuts BorgWarner (NYSE:BWA) Price Target to $42.00

BorgWarner (NYSE:BWA) had its price target trimmed by Barclays from $43.00 to $42.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

A number of other research analysts have also commented on BWA. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Evercore ISI cut their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

BorgWarner Stock Up 1.7 %

BWA stock opened at $29.39 on Tuesday. 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 52-week low of $28.65 and a 52-week high of $38.22. The company has a 50-day moving average of $32.02 and a two-hundred day moving average of $33.19. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities research analysts anticipate that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the 3rd quarter worth about $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner during the 3rd quarter worth about $38,000. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner during the 4th quarter worth about $45,000. Avior Wealth Management LLC increased its stake in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 645 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

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.