BorgWarner (NYSE:BWA) Hits New 52-Week Low Following Analyst Downgrade

BorgWarner Inc. (NYSE:BWA) shares hit a new 52-week low during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $45.00 to $40.00. Morgan Stanley currently has an overweight rating on the stock. BorgWarner traded as low as $28.58 and last traded at $28.61, with a volume of 1209192 shares. The stock had previously closed at $29.66.

Several other research analysts also recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.53.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of BorgWarner by 8.4% during the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock worth $256,000 after buying an additional 549 shares during the last quarter. State of Alaska Department of Revenue increased its position in BorgWarner by 6.1% during the third quarter. State of Alaska Department of Revenue now owns 26,460 shares of the auto parts company’s stock worth $960,000 after buying an additional 1,525 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of BorgWarner by 19.4% in the third quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company’s stock worth $17,856,000 after acquiring an additional 80,106 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of BorgWarner by 50.7% in the third quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock worth $1,962,000 after acquiring an additional 18,175 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of BorgWarner by 8.6% in the third quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company’s stock valued at $2,557,000 after acquiring an additional 5,953 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Trading Down 3.3 %

The business has a 50-day moving average of $31.23 and a 200 day moving average of $33.00. The stock has a market cap of $6.30 billion, a PE ratio of 20.14, a PEG ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

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

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.53%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.