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

Shares of BorgWarner Inc. (NYSE:BWA) have been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $41.20.

BWA has been the topic of a number of research analyst reports. Barclays boosted their price target on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $36.00 price target on shares of BorgWarner in a research note on Tuesday, September 10th. Finally, StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Institutional Trading of BorgWarner

Several hedge funds and other institutional investors have recently bought and sold shares of BWA. Point72 Asset Management L.P. raised its position in shares of BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after acquiring an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in BorgWarner by 43.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock worth $79,359,000 after purchasing an additional 670,720 shares in the last quarter. Earnest Partners LLC lifted its position in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after buying an additional 669,137 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after buying an additional 652,097 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $35.13 on Friday. The stock has a market cap of $8.00 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. BorgWarner has a 1 year low of $29.51 and a 1 year high of $40.76. The firm has a fifty day moving average price of $33.28 and a 200-day moving average price of $33.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted $1.35 EPS. BorgWarner’s revenue for the quarter was down 20.3% compared to the same quarter last year. Equities analysts anticipate that BorgWarner will post 4.1 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

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.