BorgWarner (NYSE:BWA) Upgraded by Evercore ISI to “Outperform”

Evercore ISI upgraded shares of BorgWarner (NYSE:BWA) from an in-line rating to an outperform rating in a research note released on Monday, Benzinga reports. Evercore ISI currently has $43.00 price target on the auto parts company’s stock, up from their prior price target of $39.00.

Several other equities analysts have also weighed in on BWA. The Goldman Sachs Group reduced their price objective on BorgWarner from $38.00 to $36.00 and set a neutral rating for the company in a report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on shares of BorgWarner from $44.00 to $42.00 and set an overweight rating for the company in a report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a neutral rating in a report on Thursday, August 1st. Wolfe Research assumed coverage on BorgWarner in a research report on Thursday, September 5th. They issued a peer perform rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $36.00 price objective on shares of BorgWarner in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of Moderate Buy and an average target price of $41.31.

BorgWarner Trading Up 1.1 %

NYSE:BWA opened at $35.43 on Monday. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The firm has a 50-day moving average price of $33.54 and a two-hundred day moving average price of $33.89. BorgWarner has a 52 week low of $29.51 and a 52 week high of $39.97.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm earned $1.35 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. On average, equities analysts expect that BorgWarner will post 4.1 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Trillium Asset Management LLC increased its stake in shares of BorgWarner by 2.1% during the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after buying an additional 283 shares during the period. Empirical Finance LLC raised its holdings in BorgWarner by 3.5% in the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after purchasing an additional 335 shares during the period. First Pacific Financial boosted its stake in shares of BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 340 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its stake in shares of BorgWarner by 2.2% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock valued at $602,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors 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.