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

by · The Markets Daily

BorgWarner Inc. (NYSE:BWA – Get Free Report) has been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.07.

BWA has been the topic of a number of research analyst reports. Guggenheim reissued a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Wolfe Research began coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company lowered their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th.

Get Our Latest Stock Report on BorgWarner

BorgWarner Stock Performance

NYSE BWA opened at $32.18 on Thursday. The stock has a fifty day simple moving average of $33.93 and a 200-day simple moving average of $33.50. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.04 billion, a PE ratio of 8.17, a P/E/G ratio of 0.77 and a beta of 1.19. BorgWarner has a twelve month low of $29.51 and a twelve month high of $38.22.

BorgWarner (NYSE:BWA – Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Equities analysts anticipate that BorgWarner will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,010 shares of company stock worth $7,678,076. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in BorgWarner by 21,752.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the period. Earnest Partners LLC boosted its holdings in BorgWarner by 20.2% in the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in BorgWarner by 86.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after purchasing an additional 652,097 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

About BorgWarner

(Get Free Report

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.

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