BorgWarner (NYSE:BWA) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of BorgWarner (NYSE:BWA) from a hold rating to a buy rating in a research note released on Monday morning.

A number of other analysts also recently issued reports on the stock. Barclays cut their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. 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. TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. Morgan Stanley cut their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Price Performance

BorgWarner stock opened at $29.47 on Monday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner has a 12 month low of $27.65 and a 12 month high of $38.23. The stock’s 50 day moving average is $30.31 and its 200-day moving average is $32.51.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts expect that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last quarter. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors have recently modified their holdings of BWA. LRI Investments LLC lifted its holdings in BorgWarner by 1,515.0% in the fourth 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 period. Brooklyn Investment Group acquired a new position in shares of BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $38,000. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner during the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC increased its holdings in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

About BorgWarner

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.