Brokerages Set BorgWarner Inc. (NYSE:BWA) PT at $40.40

BorgWarner Inc. (NYSE:BWA) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.20.

BWA has been the topic of several analyst reports. Barclays cut their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group lowered their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred 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 sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after acquiring an additional 394 shares during the period. Mirabella Financial Services LLP acquired a new stake in BorgWarner during the third quarter worth about $908,000. Merit Financial Group LLC grew its stake in BorgWarner by 33.2% during the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after buying an additional 4,537 shares in the last quarter. Swedbank AB increased its holdings in BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the period. Finally, HITE Hedge Asset Management LLC raised its position in shares of BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after buying an additional 64,126 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA opened at $29.46 on Friday. The firm’s 50 day moving average price is $32.23 and its two-hundred day moving average price is $33.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. BorgWarner has a twelve month low of $29.23 and a twelve month high of $38.22. The firm has a market cap of $6.44 billion, a P/E ratio of 20.60, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, analysts forecast that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed 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. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

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.