BorgWarner Inc. (NYSE:BWA) Receives $41.07 Average Target Price from Analysts

BorgWarner Inc. (NYSE:BWA) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $41.07.

A number of equities analysts recently weighed in on BWA shares. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Wolfe Research assumed coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 in the last quarter. Company insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

Several institutional investors and hedge funds have recently bought and sold shares of BWA. Matrix Trust Co acquired a new stake in shares of BorgWarner during the third quarter valued at about $25,000. LRI Investments LLC increased its holdings in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner in the second quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in BorgWarner during the third quarter worth $32,000. Finally, True Wealth Design LLC purchased a new position in shares of BorgWarner during the third quarter worth $38,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Up 0.4 %

Shares of BWA stock opened at $32.00 on Thursday. BorgWarner has a twelve month low of $29.51 and a twelve month high of $38.22. The stock has a market cap of $7.00 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.77 and a beta of 1.19. The stock has a 50 day moving average of $34.05 and a 200 day moving average of $33.53. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

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

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

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.