BorgWarner (NYSE:BWA) Price Target Raised to $45.00

BorgWarner (NYSE:BWA) had its price objective upped by Wells Fargo & Company from $43.00 to $45.00 in a report published on Friday morning, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

BWA has been the subject of a number of other research reports. TheStreet lowered BorgWarner from a b- rating to a c+ rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $59.00 to $52.00 and set an overweight rating for the company in a research report on Thursday, January 25th. Oppenheimer upped their price target on BorgWarner from $39.00 to $40.00 and gave the stock an outperform rating in a research note on Friday. StockNews.com downgraded BorgWarner from a buy rating to a hold rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group dropped their price target on shares of BorgWarner from $38.00 to $34.00 and set a neutral rating on the stock in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $43.93.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $36.44 on Friday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30. The stock’s 50-day moving average is $33.10 and its 200 day moving average is $33.69. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. BorgWarner has a 1-year low of $29.51 and a 1-year high of $50.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. On average, sell-side analysts anticipate that BorgWarner will post 3.94 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm 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 $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BWA. NewEdge Wealth LLC raised its stake in BorgWarner by 5.8% during the 3rd quarter. NewEdge Wealth LLC now owns 6,206 shares of the auto parts company’s stock worth $251,000 after acquiring an additional 339 shares during the period. Verdence Capital Advisors LLC increased its stake in BorgWarner by 3.8% in the 1st quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock worth $329,000 after buying an additional 343 shares in the last quarter. Independent Advisor Alliance increased its stake in BorgWarner by 4.2% in the 4th quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock worth $315,000 after buying an additional 353 shares in the last quarter. Mount Lucas Management LP raised its holdings in BorgWarner by 0.8% during the fourth quarter. Mount Lucas Management LP now owns 43,696 shares of the auto parts company’s stock valued at $1,567,000 after acquiring an additional 354 shares during the period. Finally, Bank of Nova Scotia lifted its position in shares of BorgWarner by 1.8% in the third quarter. Bank of Nova Scotia now owns 21,842 shares of the auto parts company’s stock valued at $882,000 after acquiring an additional 389 shares in the last quarter. 95.67% of the stock is currently 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.