BorgWarner (NYSE:BWA) Price Target Cut to $35.00 by Analysts at Barclays

BorgWarner (NYSE:BWA) had its price objective cut by Barclays from $42.00 to $35.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler dropped their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Morgan Stanley cut their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.50.

BorgWarner Stock Down 1.3 %

Shares of BWA opened at $26.10 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $28.58 and a two-hundred day moving average price of $31.75. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner has a 12 month low of $24.40 and a 12 month high of $38.23.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities analysts predict that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BorgWarner

Several institutional investors and hedge funds have recently modified their holdings of BWA. LRI Investments LLC boosted its holdings in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in BorgWarner in the 4th quarter worth $45,000. Avior Wealth Management LLC increased its holdings in BorgWarner by 31.3% during the 4th 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. Kapitalo Investimentos Ltda acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $48,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner in the third quarter valued at about $62,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.