BorgWarner’s (BWA) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of BorgWarner (NYSE:BWA) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage currently has a $36.00 target price on the auto parts company’s stock.

A number of other research analysts also recently weighed in on the company. Bank of America cut their price objective on BorgWarner from $50.00 to $45.00 and set a buy rating on the stock in a research note on Monday, July 22nd. Robert W. Baird increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a neutral rating in a research note on Thursday, August 1st. UBS Group lifted their price target on shares of BorgWarner from $41.00 to $42.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Citigroup cut their price target on shares of BorgWarner from $41.00 to $36.00 and set a neutral rating for the company in a research report on Friday, July 12th. Finally, Barclays increased their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $41.07.

BorgWarner Stock Performance

NYSE:BWA opened at $32.21 on Tuesday. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $32.79 and its two-hundred day simple moving average is $33.51. BorgWarner has a 1 year low of $29.51 and a 1 year high of $42.27.

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

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.37%. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Insider Transactions at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The sale was disclosed in a filing with the SEC, which is available through this link. In other 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 transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BWA. Norges Bank acquired a new position in BorgWarner during the 4th quarter valued at about $75,489,000. Point72 Asset Management L.P. raised its holdings in shares of BorgWarner by 361.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BorgWarner by 23.5% during the 2nd 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 in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in BorgWarner by 43.5% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock valued at $79,359,000 after buying an additional 670,720 shares during the last quarter. Finally, Earnest Partners LLC grew its stake 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 buying an additional 669,137 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.