BorgWarner Inc. (NYSE:BWA) Receives Average Recommendation of “Moderate Buy” from Analysts

BorgWarner Inc. (NYSE:BWA) has been assigned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.47.

BWA has been the topic of several recent analyst reports. Guggenheim reduced their price objective on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Morgan Stanley decreased their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd.

BorgWarner Stock Up 0.8%

BWA stock opened at $33.34 on Friday. The company’s 50 day simple moving average is $28.48 and its 200-day simple moving average is $30.89. The firm has a market capitalization of $7.32 billion, a PE ratio of 23.31, a P/E/G ratio of 0.77 and a beta of 1.08. BorgWarner has a 12 month low of $24.40 and a 12 month high of $37.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. Equities analysts expect that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.32%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction 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 sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares of the company’s stock, 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 have sold 60,036 shares of company stock valued at $1,851,114 in the last quarter. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global X Japan Co. Ltd. grew its position in shares of BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after buying an additional 523 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of BorgWarner during the 1st quarter valued at about $30,000. LRI Investments LLC grew its position in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after buying an additional 909 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in BorgWarner by 63.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares during the period. Finally, Allworth Financial LP boosted its stake in BorgWarner by 123.1% during the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 793 shares during the period. Institutional investors own 95.67% of the company’s stock.

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.