BorgWarner Inc. (NYSE:BWA) Receives $41.07 Consensus PT from Brokerages

BorgWarner Inc. (NYSE:BWA) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Six 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 brokers that have issued ratings on the stock in the last year is $41.07.

BWA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, Wolfe Research initiated coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This trade represents 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 at the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their ownership of the stock. 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 over the last ninety days. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BorgWarner

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of BorgWarner in the third quarter worth about $908,000. Swedbank AB boosted its position in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares during the period. HITE Hedge Asset Management LLC grew its stake in BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after acquiring an additional 64,126 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings in BorgWarner by 191.2% during the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock worth $6,246,000 after acquiring an additional 127,212 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Up 1.3 %

NYSE BWA opened at $31.88 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner has a 52 week low of $29.51 and a 52 week high of $38.22. The business has a 50 day moving average price of $34.12 and a 200-day moving average price of $33.56. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.77 and a beta of 1.19.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) 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 business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $0.98 EPS. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts expect that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

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

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.