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

BorgWarner Inc. (NYSE:BWA) has received an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $37.19.

Several brokerages recently issued reports on BWA. Barclays cut their price target on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Piper Sandler decreased their price target on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Finally, Guggenheim decreased their target price on BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday.

BorgWarner Trading Up 2.4 %

BWA stock opened at $26.90 on Wednesday. BorgWarner has a 1-year low of $24.40 and a 1-year high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $28.28 and its 200-day moving average is $31.44. The firm has a market cap of $5.91 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities analysts anticipate that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 1.64%. BorgWarner’s payout ratio is presently 30.77%.

Insiders Place Their Bets

In other BorgWarner news, 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 transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, 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. In the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its stake in BorgWarner by 14.7% during the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company’s stock worth $16,092,000 after buying an additional 56,988 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of BorgWarner by 8.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company’s stock worth $258,000 after purchasing an additional 550 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the 3rd quarter valued at about $62,000. Peapack Gladstone Financial Corp grew its position in shares of BorgWarner by 2.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company’s stock valued at $3,896,000 after purchasing an additional 2,067 shares during the period. Finally, Franklin Resources Inc. increased its stake in BorgWarner by 292.9% during the 3rd quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company’s stock worth $8,986,000 after purchasing an additional 189,081 shares in 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.