Brokerages Set BorgWarner Inc. (NYSE:BWA) PT at $41.07

BorgWarner Inc. (NYSE:BWA) has been given an average rating of “Moderate Buy” by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.73.

Several equities research analysts have commented on the company. The Goldman Sachs Group dropped their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Guggenheim reissued a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th.

Insider Activity at BorgWarner

In related news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % 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, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the sale, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is owned by insiders.

Institutional Trading of BorgWarner

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Matrix Trust Co purchased a new stake in BorgWarner in the third quarter worth about $25,000. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner during the second quarter worth about $32,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner during the third quarter worth about $38,000. Finally, Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 1.0 %

NYSE BWA opened at $32.33 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner has a twelve month low of $29.51 and a twelve month high of $38.22. The firm has a market capitalization of $7.07 billion, a PE ratio of 8.21, a P/E/G ratio of 0.62 and a beta of 1.20. The stock’s 50 day moving average is $33.14 and its 200 day moving average is $33.35.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. Research analysts forecast that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

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.