BorgWarner (NYSE:BWA) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of BorgWarner (NYSE:BWA) from a hold rating to a buy rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company raised their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Piper Sandler lowered their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Barclays dropped their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.06.

BorgWarner Trading Down 4.7 %

Shares of BWA stock opened at $25.92 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner has a twelve month low of $24.66 and a twelve month high of $38.23. The company’s 50-day moving average price is $29.63 and its 200-day moving average price is $32.28. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.21.

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, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BWA. Norges Bank acquired a new stake in shares of BorgWarner in the fourth quarter valued at approximately $62,180,000. Bank of America Corp DE boosted its stake in BorgWarner by 91.9% during the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock worth $123,311,000 after purchasing an additional 1,857,907 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in BorgWarner by 8,137.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock worth $41,297,000 after purchasing an additional 1,283,287 shares during the last quarter. LSV Asset Management increased its stake in BorgWarner by 22.5% in the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after purchasing an additional 792,100 shares during the period. Finally, Swedbank AB raised its holdings in shares of BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after buying an additional 774,438 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other 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.