BorgWarner (NYSE:BWA) Receives “Buy” Rating from Guggenheim

Guggenheim reaffirmed their buy rating on shares of BorgWarner (NYSE:BWA) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $41.00 price objective on the auto parts company’s stock.

BWA has been the topic of several other research reports. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. dropped their target price 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 upped their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Wolfe Research started coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

BorgWarner Stock Down 0.1 %

BWA stock opened at $35.07 on Thursday. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. The business’s 50 day moving average price is $34.40 and its two-hundred day moving average price is $33.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last issued its quarterly 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 for 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 firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, analysts forecast that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner’s payout ratio is presently 11.17%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now directly owns 37,640 shares in the company, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last ninety days. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after buying an additional 15,883 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of BorgWarner by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 64,595 shares of the auto parts company’s stock valued at $2,083,000 after acquiring an additional 987 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BorgWarner by 18.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,444 shares of the auto parts company’s stock valued at $272,000 after purchasing an additional 1,340 shares in the last quarter. Blue Trust Inc. increased its position in BorgWarner by 81.7% in the second quarter. Blue Trust Inc. now owns 10,194 shares of the auto parts company’s stock worth $354,000 after purchasing an additional 4,584 shares during the last quarter. Finally, Gradient Investments LLC increased its position in BorgWarner by 1,117.2% in the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,106 shares during the last quarter. 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.