BorgWarner (NYSE:BWA) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of BorgWarner (NYSE:BWA) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $36.00 price target on the auto parts company’s stock.

Other equities analysts have also recently issued reports about the stock. Wolfe Research started coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a peer perform rating for the company. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $50.00 to $51.00 and gave the stock an overweight rating in a report on Monday, August 5th. Citigroup lowered their target price on shares of BorgWarner from $41.00 to $36.00 and set a neutral rating on the stock in a report on Friday, July 12th. UBS Group lifted their price objective on shares of BorgWarner from $41.00 to $42.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird boosted their price target on BorgWarner from $38.00 to $39.00 and gave the company a neutral rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, BorgWarner presently has an average rating of Moderate Buy and an average target price of $41.07.

BorgWarner Stock Performance

Shares of BWA opened at $32.21 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.87 and a beta of 1.20. BorgWarner has a 1 year low of $29.51 and a 1 year high of $42.27. The company’s 50 day simple moving average is $32.79 and its 200 day simple moving average is $33.51.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm posted $1.35 EPS. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, sell-side analysts predict that BorgWarner will post 4.1 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.37%. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Insider Activity

In other news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in BorgWarner by 59.2% in the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after acquiring an additional 15,883 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of BorgWarner by 90.7% in the first quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock valued at $1,363,000 after purchasing an additional 18,640 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of BorgWarner by 19.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock valued at $20,373,000 after acquiring an additional 91,164 shares in the last quarter. Edgestream Partners L.P. lifted its position in BorgWarner by 419.7% during the first quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after purchasing an additional 53,721 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of BorgWarner by 13.2% in the fourth quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock worth $66,349,000 after acquiring an additional 216,373 shares during the last quarter. 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.