Barclays Lowers BorgWarner (NYSE:BWA) Price Target to $43.00

BorgWarner (NYSE:BWA) had its target price lowered by Barclays from $47.00 to $43.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other brokerages have also recently issued reports on BWA. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

BorgWarner Trading Up 1.2 %

NYSE:BWA opened at $32.61 on Wednesday. The company’s 50 day moving average price is $32.91 and its 200-day moving average price is $33.38. BorgWarner has a 52 week low of $29.51 and a 52 week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.63 and a beta of 1.20.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that BorgWarner will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. BorgWarner’s payout ratio is 11.17%.

Insider Activity

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares in the company, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 in the last three months. Company insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently bought and sold shares of BWA. Pacer Advisors Inc. increased its holdings in BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after buying an additional 1,919,219 shares during the last quarter. Swedbank AB increased its holdings in shares of BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the last quarter. Earnest Partners LLC raised its position in shares of BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after buying an additional 669,137 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of BorgWarner during the 2nd quarter valued at about $18,588,000. 95.67% of the stock is currently owned by institutional investors.

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.