Shares of BorgWarner Inc. (NYSE:BWA) have been given an average rating of “Hold” by the eighteen brokerages that are covering the firm. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $39.54.
Several research firms recently issued reports on BWA. BMO Capital Markets assumed coverage on shares of BorgWarner in a report on Tuesday, December 20th. They issued an “outperform” rating and a $50.00 target price for the company. Evercore ISI downgraded BorgWarner from a “buy” rating to a “hold” rating and upped their price target for the stock from $38.00 to $42.00 in a research note on Wednesday, January 4th. They noted that the move was a valuation call. Deutsche Bank AG upgraded BorgWarner from a “hold” rating to a “buy” rating and upped their price target for the stock from $41.00 to $51.00 in a research note on Wednesday. Jefferies Group LLC upped their price target on BorgWarner from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, January 30th. Finally, Wells Fargo & Co downgraded BorgWarner from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research note on Monday, December 19th.
In other news, Director Alexis P. Michas sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $42.68, for a total transaction of $426,800.00. Following the completion of the transaction, the director now directly owns 82,778 shares in the company, valued at approximately $3,532,965.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in BorgWarner by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 2,531 shares of the company’s stock worth $100,000 after buying an additional 142 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in BorgWarner during the fourth quarter worth approximately $102,000. TLP Group LLC increased its position in BorgWarner by 86.7% in the third quarter. TLP Group LLC now owns 3,660 shares of the company’s stock worth $129,000 after buying an additional 1,700 shares in the last quarter. First Bank & Trust purchased a new position in BorgWarner during the fourth quarter worth approximately $162,000. Finally, SRB Corp increased its position in BorgWarner by 7.2% in the third quarter. SRB Corp now owns 4,587 shares of the company’s stock worth $161,000 after buying an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.
BorgWarner (NYSE:BWA) opened at 41.28 on Thursday. The company has a 50 day moving average of $41.95 and a 200 day moving average of $38.34. The stock has a market capitalization of $8.78 billion, a P/E ratio of 75.05 and a beta of 1.64. BorgWarner has a 52 week low of $27.52 and a 52 week high of $44.24.
BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 9th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company earned $2.26 billion during the quarter, compared to analyst estimates of $2.30 billion. BorgWarner had a net margin of 1.31% and a return on equity of 19.21%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Equities analysts expect that BorgWarner will post $3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio is currently 109.81%.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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