BorgWarner (NYSE:BWA) Given New $43.00 Price Target at Wells Fargo & Company

BorgWarner (NYSE:BWAFree Report) had its price target cut by Wells Fargo & Company from $47.00 to $43.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. cut their price target on BorgWarner from $59.00 to $52.00 and set an overweight rating on the stock in a report on Thursday, January 25th. Barclays reduced their price target on BorgWarner from $45.00 to $43.00 and set an overweight rating for the company in a report on Wednesday, January 24th. StockNews.com raised BorgWarner from a hold rating to a buy rating in a research note on Monday, January 29th. Robert W. Baird downgraded BorgWarner from an outperform rating to a neutral rating and dropped their price target for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Finally, The Goldman Sachs Group decreased their price objective on BorgWarner from $48.00 to $42.00 and set a neutral rating on the stock in a report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner has a consensus rating of Moderate Buy and a consensus target price of $44.98.

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BorgWarner Stock Performance

Shares of BorgWarner stock opened at $32.32 on Friday. BorgWarner has a 52 week low of $30.83 and a 52 week high of $51.14. The business’s fifty day simple moving average is $34.07 and its 200-day simple moving average is $37.00. The firm has a market cap of $7.43 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.95 and a beta of 1.32. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWAGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.03). The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. BorgWarner’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Equities analysts forecast that BorgWarner will post 3.83 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, February 29th. BorgWarner’s payout ratio is 16.48%.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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 BWA. Vanguard Group Inc. increased its holdings in shares of BorgWarner by 2.2% in the first quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock valued at $1,016,505,000 after buying an additional 570,039 shares in the last quarter. State Street Corp raised its position in BorgWarner by 3.5% in the second quarter. State Street Corp now owns 10,449,304 shares of the auto parts company’s stock worth $511,075,000 after purchasing an additional 357,259 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of BorgWarner by 10.9% during the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after buying an additional 948,659 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BorgWarner by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 7,142,969 shares of the auto parts company’s stock worth $349,358,000 after buying an additional 51,385 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of BorgWarner by 3.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after buying an additional 166,007 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

BorgWarner Company Profile

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BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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