BorgWarner (NYSE:BWA) Reaches New 52-Week Low After Analyst Downgrade

BorgWarner Inc. (NYSE:BWA)’s share price hit a new 52-week low during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $45.00 to $40.00. Morgan Stanley currently has an overweight rating on the stock. BorgWarner traded as low as $28.58 and last traded at $28.61, with a volume of 1209192 shares trading hands. The stock had previously closed at $29.66.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Evercore ISI reduced their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.53.

Insider Buying and Selling

In other BorgWarner news, 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 sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BorgWarner

Institutional investors and hedge funds have recently bought and sold shares of the company. LRI Investments LLC boosted its position in BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after buying an additional 909 shares during the period. Brooklyn Investment Group bought a new stake in shares of BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC acquired a new stake in shares of BorgWarner in the third quarter valued at about $38,000. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner in the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC increased its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 3.0 %

The firm’s fifty day simple moving average is $31.23 and its 200-day simple moving average is $33.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market cap of $6.29 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results 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%. Equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 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.