BorgWarner Inc. (NYSE:BWA) Receives $41.21 Average Target Price from Analysts

BorgWarner Inc. (NYSE:BWA) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.21.

A number of equities research analysts have issued reports on BWA shares. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group lowered their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st.

BorgWarner Stock Up 0.1 %

NYSE BWA opened at $34.32 on Friday. 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 company has a market cap of $7.51 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.76 and a beta of 1.20. The company has a 50 day moving average of $34.57 and a 200-day moving average of $33.83. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities research analysts expect that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Insider Transactions at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the company’s 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 owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 222,010 shares of company stock worth $7,678,076. 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. Toronto Dominion Bank lifted its stake in shares of BorgWarner by 33.4% in the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock valued at $4,790,000 after purchasing an additional 34,488 shares during the period. Quadrature Capital Ltd acquired a new position in BorgWarner in the first quarter valued at approximately $285,000. LRI Investments LLC acquired a new position in BorgWarner in the first quarter valued at approximately $35,000. Paloma Partners Management Co bought a new position in shares of BorgWarner during the 1st quarter worth approximately $314,000. Finally, Silvercrest Asset Management Group LLC grew its position in shares of BorgWarner by 8.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,004,423 shares of the auto parts company’s stock worth $69,634,000 after buying an additional 159,271 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.