Morgan Stanley Cuts BorgWarner (NYSE:BWA) Price Target to $40.00

BorgWarner (NYSE:BWA) had its target price cut by Morgan Stanley from $45.00 to $40.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other research firms have also recently weighed in on BWA. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Barclays reduced their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Guggenheim reissued a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group lowered their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $40.53.

BorgWarner Stock Performance

BWA opened at $29.24 on Monday. The stock has a 50-day moving average of $31.09 and a 200-day moving average of $32.95. BorgWarner has a 52-week low of $27.90 and a 52-week high of $38.22. The company has a market cap of $6.39 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in BorgWarner by 8.4% in the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock valued at $256,000 after purchasing an additional 549 shares during the period. State of Alaska Department of Revenue boosted its holdings in BorgWarner by 6.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 26,460 shares of the auto parts company’s stock valued at $960,000 after purchasing an additional 1,525 shares during the period. New York State Common Retirement Fund boosted its holdings in BorgWarner by 19.4% in the 3rd quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company’s stock valued at $17,856,000 after purchasing an additional 80,106 shares during the period. Janney Montgomery Scott LLC boosted its holdings in BorgWarner by 50.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock valued at $1,962,000 after purchasing an additional 18,175 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in BorgWarner by 8.6% in the 3rd quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company’s stock valued at $2,557,000 after purchasing an additional 5,953 shares during the period. 95.67% of the stock is 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.