Shares of BorgWarner Inc. (NYSE:BWA) have been assigned an average rating of “Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $49.73.
Several brokerages have weighed in on BWA. ValuEngine downgraded shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Monday. Zacks Investment Research downgraded shares of BorgWarner from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Seaport Global Securities began coverage on shares of BorgWarner in a research note on Wednesday, February 13th. They issued a “neutral” rating for the company. TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Finally, Robert W. Baird upgraded shares of BorgWarner to a “top pick” rating in a research note on Friday, February 15th.
In other news, EVP Tonit M. Calaway sold 12,000 shares of BorgWarner stock in a transaction on Monday, February 25th. The shares were sold at an average price of $41.93, for a total transaction of $503,160.00. Following the completion of the sale, the executive vice president now directly owns 28,066 shares in the company, valued at $1,176,807.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Mcgill sold 2,400 shares of BorgWarner stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $41.97, for a total transaction of $100,728.00. Following the sale, the chief financial officer now owns 32,958 shares of the company’s stock, valued at $1,383,247.26. The disclosure for this sale can be found here. Insiders have sold 23,524 shares of company stock valued at $967,536 over the last quarter. Insiders own 0.75% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in shares of BorgWarner by 118.5% during the first quarter. Rockefeller Capital Management L.P. now owns 651 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 353 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of BorgWarner by 247.8% during the fourth quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 669 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of BorgWarner by 93.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 482 shares during the last quarter. Bremer Bank National Association purchased a new position in shares of BorgWarner during the first quarter worth $44,000. Finally, Bremer Trust National Association purchased a new position in shares of BorgWarner during the fourth quarter worth $47,000. Institutional investors and hedge funds own 91.50% of the company’s stock.
BWA traded down $0.39 during trading on Friday, hitting $36.26. The stock had a trading volume of 1,415,800 shares, compared to its average volume of 1,647,294. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.74. BorgWarner has a twelve month low of $32.46 and a twelve month high of $53.28. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.44.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.47 billion. BorgWarner had a net margin of 8.39% and a return on equity of 21.64%. BorgWarner’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. On average, sell-side analysts expect that BorgWarner will post 4.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, May 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.88%. BorgWarner’s payout ratio is currently 15.18%.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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