BorgWarner (NYSE:BWA) Price Target Raised to $41.00

BorgWarner (NYSE:BWA) had its target price hoisted by Wells Fargo & Company from $40.00 to $41.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other brokerages also recently commented on BWA. Barclays reduced their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $40.47.

BorgWarner Stock Performance

BWA stock opened at $30.00 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The business has a 50-day moving average price of $32.42 and a 200 day moving average price of $33.29. The company has a market capitalization of $6.56 billion, a P/E ratio of 20.98, a PEG ratio of 0.63 and a beta of 1.18. BorgWarner has a 1-year low of $29.33 and a 1-year high of $38.22.

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 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Large investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of BorgWarner in the 3rd quarter valued at $908,000. Merit Financial Group LLC raised its holdings in shares of BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock valued at $579,000 after buying an additional 4,537 shares during the period. Swedbank AB raised its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the period. Finally, HITE Hedge Asset Management LLC raised its holdings in shares of BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after buying an additional 64,126 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.