BorgWarner Inc. (NYSE:BWA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $41.21.

BWA has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Barclays lifted their price target on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the transaction, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 201,466 shares of company stock valued at $6,973,828 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

Large investors have recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new position in BorgWarner in the 3rd quarter valued at $32,000. LRI Investments LLC acquired a new position in BorgWarner in the first quarter worth $35,000. Sentry Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter worth $32,000. Finally, True Wealth Design LLC acquired a new stake in shares of BorgWarner in the third quarter valued at $38,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

NYSE BWA opened at $34.12 on Friday. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The stock’s 50-day moving average is $34.44 and its two-hundred day moving average is $33.91. The firm has a market cap of $7.46 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. On average, analysts anticipate that BorgWarner will post 4.24 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. BorgWarner’s dividend payout ratio (DPR) is currently 11.17%.

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.