BorgWarner (NYSE:BWA) Upgraded to “Outperform” at BNP Paribas

BNP Paribas upgraded shares of BorgWarner (NYSE:BWA) from a neutral rating to an outperform rating in a research report released on Tuesday, Marketbeat Ratings reports. They currently have $36.00 target price on the auto parts company’s stock.

A number of other equities analysts also recently commented on BWA. Evercore ISI reduced their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Friday, March 7th. Morgan Stanley dropped their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Barclays dropped their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $39.27.

BorgWarner Stock Performance

BWA stock opened at $28.82 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The business has a 50-day moving average price of $30.50 and a 200 day moving average price of $32.63. The company has a market capitalization of $6.30 billion, a P/E ratio of 20.15, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner has a 1-year low of $27.65 and a 1-year high of $38.23.

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

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 1.53%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 over the last quarter. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. 111 Capital acquired a new position in shares of BorgWarner during the 4th quarter worth approximately $206,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of BorgWarner during the 4th quarter worth approximately $9,286,000. American Trust raised its stake in shares of BorgWarner by 11.7% during the 4th quarter. American Trust now owns 11,897 shares of the auto parts company’s stock worth $378,000 after buying an additional 1,243 shares during the period. Forum Financial Management LP raised its stake in shares of BorgWarner by 26.4% during the 4th quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company’s stock worth $259,000 after buying an additional 1,702 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of BorgWarner during the 4th quarter worth approximately $3,722,000. 95.67% of the stock is owned by institutional investors and hedge funds.

About BorgWarner

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.