Evercore ISI Issues Pessimistic Forecast for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its target price decreased by Evercore ISI from $43.00 to $40.00 in a report published on Monday morning, Marketbeat.com reports. Evercore ISI currently has an outperform rating on the auto parts company’s stock.

Other research analysts have also recently issued research reports about the stock. Guggenheim reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Barclays cut their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

BorgWarner Stock Down 1.9 %

Shares of BWA opened at $28.89 on Monday. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 0.63 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner has a 12 month low of $28.65 and a 12 month high of $38.22. The company has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $33.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities analysts predict that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is presently 30.77%.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors and hedge funds have recently made changes to their positions in BWA. CWM LLC grew its holdings in shares of BorgWarner by 153.3% in the 3rd quarter. CWM LLC now owns 30,680 shares of the auto parts company’s stock valued at $1,113,000 after buying an additional 18,570 shares during the period. Gateway Investment Advisers LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at $261,000. Exchange Traded Concepts LLC grew its holdings in shares of BorgWarner by 76.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 37,794 shares of the auto parts company’s stock valued at $1,372,000 after buying an additional 16,368 shares during the period. Swedbank AB grew its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the period. Finally, Kopion Asset Management LLC grew its holdings in shares of BorgWarner by 2.9% in the 3rd quarter. Kopion Asset Management LLC now owns 368,770 shares of the auto parts company’s stock valued at $13,383,000 after buying an additional 10,509 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.