Brokerages Set BorgWarner Inc. (NYSE:BWA) Price Target at $44.05

Shares of BorgWarner Inc. (NYSE:BWAGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.05.

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of BorgWarner from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 15th. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Robert W. Baird cut BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Company reduced their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, February 9th.

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BorgWarner Price Performance

Shares of NYSE BWA opened at $33.20 on Tuesday. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.06 and a beta of 1.29. BorgWarner has a 52 week low of $29.51 and a 52 week high of $50.04. The company’s 50-day moving average price is $32.27 and its 200 day moving average price is $35.01. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWAGet Free Report) last posted its earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. As a group, research analysts forecast that BorgWarner will post 3.91 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s payout ratio is 16.48%.

Insiders Place Their Bets

In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock valued at $9,015,478 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of hedge funds have recently bought and sold shares of the business. Hennessy Advisors Inc. bought a new stake in BorgWarner during the fourth quarter worth $2,294,000. Vanguard Group Inc. raised its stake in shares of BorgWarner by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after purchasing an additional 331,401 shares during the period. Wahed Invest LLC raised its stake in shares of BorgWarner by 11.2% during the 4th quarter. Wahed Invest LLC now owns 3,980 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 402 shares during the period. ICA Group Wealth Management LLC bought a new position in BorgWarner in the 4th quarter worth about $66,000. Finally, Royal London Asset Management Ltd. increased its stake in BorgWarner by 6.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 91,872 shares of the auto parts company’s stock worth $3,294,000 after acquiring an additional 5,502 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.

About BorgWarner

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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.

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Analyst Recommendations for BorgWarner (NYSE:BWA)

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