BorgWarner Inc. (NYSE:BWA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BorgWarner Inc. (NYSE:BWA) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $40.73.

BWA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. 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 note on Thursday. Wells Fargo & Company lowered their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th.

Insider Buying and Selling

In related news, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 in the last 90 days. 0.45% of the stock is owned by company insiders.

Institutional Trading of BorgWarner

A number of hedge funds have recently modified their holdings of the business. Matrix Trust Co bought a new stake in shares of BorgWarner during the third quarter valued at approximately $25,000. Sentry Investment Management LLC bought a new position in BorgWarner in the second quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the 3rd quarter valued at $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner in the 3rd quarter worth $38,000. Finally, Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $32.33 on Monday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.62 and a beta of 1.20. The firm’s 50-day moving average price is $33.14 and its 200-day moving average price is $33.38. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Equities research analysts anticipate that BorgWarner will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

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.