BorgWarner Inc. (NYSE:BWA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.73.

BWA has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Wells Fargo & Company increased their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. Barclays cut their price objective on BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Morgan Stanley decreased their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd.

BorgWarner Price Performance

BorgWarner stock opened at $33.69 on Thursday. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.77 and a beta of 1.10. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $30.05 and a 200 day simple moving average of $30.76. BorgWarner has a 52 week low of $24.40 and a 52 week high of $37.29.

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

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.31%. BorgWarner’s payout ratio is 35.20%.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the vice president now owns 63,445 shares in the company, valued at $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, the executive vice president now owns 214,521 shares of the company’s stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of BorgWarner

Institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC boosted its holdings in shares of BorgWarner by 35.6% during the 1st quarter. Inspire Investing LLC now owns 11,052 shares of the auto parts company’s stock valued at $317,000 after buying an additional 2,902 shares in the last quarter. Strs Ohio purchased a new position in BorgWarner during the 1st quarter valued at about $1,664,000. Acadian Asset Management LLC lifted its position in BorgWarner by 23.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 1,723 shares during the period. Woodline Partners LP boosted its stake in BorgWarner by 4,140.3% during the first quarter. Woodline Partners LP now owns 556,924 shares of the auto parts company’s stock worth $15,956,000 after acquiring an additional 543,790 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in BorgWarner in the first quarter worth about $1,223,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.