BorgWarner (NYSE:BWA) Earns Buy Rating from Guggenheim

Guggenheim restated their buy rating on shares of BorgWarner (NYSE:BWAFree Report) in a report published on Thursday,Benzinga reports. They currently have a $41.00 target price on the auto parts company’s stock.

BWA has been the subject of a number of other research reports. Wolfe Research assumed coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.20.

Read Our Latest Report on BWA

BorgWarner Stock Performance

NYSE:BWA opened at $34.05 on Thursday. The firm has a 50-day moving average of $34.38 and a two-hundred day moving average of $33.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The stock has a market cap of $7.45 billion, a P/E ratio of 8.64, a PEG ratio of 0.77 and a beta of 1.19. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWAGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. BorgWarner’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts expect that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 in the last three months. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock worth $1,378,000 after acquiring an additional 15,883 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in BorgWarner by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,595 shares of the auto parts company’s stock worth $2,083,000 after purchasing an additional 987 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in BorgWarner by 18.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,444 shares of the auto parts company’s stock valued at $272,000 after buying an additional 1,340 shares in the last quarter. Blue Trust Inc. increased its stake in BorgWarner by 81.7% during the 2nd quarter. Blue Trust Inc. now owns 10,194 shares of the auto parts company’s stock valued at $354,000 after buying an additional 4,584 shares during the period. Finally, Gradient Investments LLC raised its position in shares of BorgWarner by 1,117.2% during the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after buying an additional 1,106 shares in the last quarter. 95.67% of the stock is 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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