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

BorgWarner Inc. (NYSE:BWA) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.06.

BWA has been the subject of several recent analyst reports. Cowen cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. Barclays reduced their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective for the company in a research report on Tuesday, March 18th.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 over the last three months. 0.45% of the stock is owned by company insiders.

Institutional Trading of BorgWarner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in BorgWarner in the fourth quarter worth approximately $62,180,000. Bank of America Corp DE grew its position in BorgWarner by 91.9% in the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock valued at $123,311,000 after purchasing an additional 1,857,907 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in BorgWarner by 8,137.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock valued at $41,297,000 after purchasing an additional 1,283,287 shares in the last quarter. LSV Asset Management increased its stake in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after purchasing an additional 792,100 shares in the last quarter. Finally, Swedbank AB raised its holdings in BorgWarner by 91.7% during the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Performance

BWA opened at $28.18 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner has a 52-week low of $27.65 and a 52-week high of $38.23. The firm has a market cap of $6.19 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The business’s fifty day moving average is $30.08 and its 200-day moving average is $32.42.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS 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%. Sell-side analysts expect that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

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.