BorgWarner (NYSE:BWA) PT Lowered to $36.00 at The Goldman Sachs Group

BorgWarner (NYSE:BWA) had its price objective decreased by The Goldman Sachs Group from $38.00 to $36.00 in a research note published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the auto parts company’s stock.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. increased their target price on shares of BorgWarner from $50.00 to $51.00 and gave the company an overweight rating in a research note on Monday, August 5th. StockNews.com upgraded BorgWarner from a hold rating to a buy rating in a research report on Friday, August 2nd. Citigroup decreased their target price on BorgWarner from $41.00 to $36.00 and set a neutral rating on the stock in a report on Friday, July 12th. UBS Group upped their target price on BorgWarner from $41.00 to $42.00 and gave the company a buy rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company cut their price objective on BorgWarner from $44.00 to $42.00 and set an overweight rating on the stock in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner has a consensus rating of Moderate Buy and an average price target of $41.20.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $35.13 on Tuesday. BorgWarner has a 1 year low of $29.51 and a 1 year high of $40.76. The firm has a market cap of $8.00 billion, a P/E ratio of 13.30, a PEG ratio of 0.94 and a beta of 1.20. The stock has a fifty day moving average price of $33.28 and a two-hundred day moving average price of $33.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share 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 business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was down 20.3% on a year-over-year basis. Research analysts forecast that BorgWarner will post 4.1 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is currently 16.67%.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in BorgWarner by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after purchasing an additional 331,401 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 worth $278,190,000 after buying an additional 1,640,503 shares during the period. 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. Point72 Asset Management L.P. raised its holdings in BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after acquiring an additional 1,919,219 shares during the period. Finally, Sei Investments Co. lifted its position in BorgWarner by 17.1% during the 2nd quarter. Sei Investments Co. now owns 2,217,195 shares of the auto parts company’s stock worth $71,482,000 after acquiring an additional 324,087 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.