BorgWarner Inc. (NYSE:BWA) Receives $51.62 Average PT from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $51.62.

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of BorgWarner from $43.98 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Barclays lowered their price target on BorgWarner from $58.00 to $57.00 in a report on Monday, July 10th. Nomura Instinet reissued a “neutral” rating and set a $44.00 price objective on shares of BorgWarner in a report on Thursday, August 17th. Morgan Stanley reduced their price objective on shares of BorgWarner from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Finally, StockNews.com assumed coverage on shares of BorgWarner in a research report on Saturday, September 2nd. They issued a “buy” rating on the stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $39.75 on Friday. The firm has a 50 day moving average of $43.31 and a two-hundred day moving average of $45.91. The stock has a market capitalization of $9.34 billion, a PE ratio of 9.81, a P/E/G ratio of 0.90 and a beta of 1.44. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.54. BorgWarner has a 52 week low of $31.14 and a 52 week high of $51.14.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. BorgWarner had a return on equity of 15.45% and a net margin of 5.63%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.39 billion. On average, research analysts predict that BorgWarner will post 3.76 EPS for the current fiscal year.

BorgWarner Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.11 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.44 annualized dividend and a dividend yield of 1.11%. BorgWarner’s dividend payout ratio (DPR) is currently 10.86%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $47.61, for a total value of $238,050.00. Following the transaction, the vice president now directly owns 177,614 shares in the company, valued at approximately $8,456,202.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors have recently added to or reduced their stakes in the business. Column Capital Advisors LLC lifted its holdings in shares of BorgWarner by 149.5% in the 2nd quarter. Column Capital Advisors LLC now owns 549 shares of the auto parts company’s stock valued at $27,000 after buying an additional 329 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of BorgWarner by 72.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 342 shares in the last quarter. AllSquare Wealth Management LLC acquired a new stake in shares of BorgWarner in the 1st quarter worth approximately $43,000. Huntington National Bank increased its stake in BorgWarner by 86.0% in the 2nd quarter. Huntington National Bank now owns 941 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 435 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in BorgWarner during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.