BorgWarner Inc. (NYSE:BWA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BorgWarner Inc. (NYSE:BWA) has been assigned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.73.

BWA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday. Guggenheim set a $38.00 target price on shares of BorgWarner in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th.

BorgWarner Stock Performance

Shares of BWA stock opened at $29.86 on Tuesday. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $30.93 and its 200-day moving average price is $32.87. BorgWarner has a 12 month low of $27.90 and a 12 month high of $38.23.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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 research analysts forecast that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 1.47%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % 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

Large investors have recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in BorgWarner by 8.4% in the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock valued at $256,000 after buying an additional 549 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of BorgWarner by 6.1% during the third quarter. State of Alaska Department of Revenue now owns 26,460 shares of the auto parts company’s stock valued at $960,000 after acquiring an additional 1,525 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in BorgWarner by 19.4% during the third quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company’s stock worth $17,856,000 after acquiring an additional 80,106 shares during the period. Janney Montgomery Scott LLC boosted its position in BorgWarner by 50.7% in the third quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock worth $1,962,000 after purchasing an additional 18,175 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in BorgWarner by 8.6% in the third quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company’s stock worth $2,557,000 after purchasing an additional 5,953 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Company Profile

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.