BorgWarner (NYSE:BWA) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a research note published on Tuesday morning.

BWA has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $52.00 to $50.00 and set an overweight rating on the stock in a research report on Monday. Robert W. Baird decreased their price target on shares of BorgWarner from $40.00 to $38.00 and set a neutral rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company decreased their price target on shares of BorgWarner from $45.00 to $44.00 and set an overweight rating on the stock in a research report on Tuesday, June 25th. Oppenheimer lifted their price target on shares of BorgWarner from $39.00 to $40.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. Finally, Bank of America decreased their price target on shares of BorgWarner from $50.00 to $45.00 and set a buy rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $41.29.

BorgWarner Price Performance

NYSE BWA opened at $32.18 on Tuesday. BorgWarner has a 12 month low of $29.51 and a 12 month high of $46.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The firm has a market capitalization of $7.33 billion, a PE ratio of 12.19, a P/E/G ratio of 0.75 and a beta of 1.22. The company’s 50 day simple moving average is $33.68 and its 200 day simple moving average is $33.48.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that BorgWarner will post 4.03 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed 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. This represents a $0.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, September 3rd. BorgWarner’s dividend payout ratio is 16.67%.

BorgWarner announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to buy up to 6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors have recently modified their holdings of BWA. Raymond James Trust N.A. boosted its stake in shares of BorgWarner by 4.1% during the 4th quarter. Raymond James Trust N.A. now owns 10,137 shares of the auto parts company’s stock valued at $363,000 after buying an additional 401 shares during the period. Pacer Advisors Inc. boosted its stake in shares of BorgWarner by 70.6% during the 4th quarter. Pacer Advisors Inc. now owns 25,785 shares of the auto parts company’s stock valued at $924,000 after buying an additional 10,668 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of BorgWarner by 21.2% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 7,782 shares of the auto parts company’s stock valued at $279,000 after buying an additional 1,362 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of BorgWarner by 9.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 9,155 shares of the auto parts company’s stock valued at $328,000 after buying an additional 784 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in shares of BorgWarner by 22.3% during the 4th quarter. Tectonic Advisors LLC now owns 9,254 shares of the auto parts company’s stock valued at $332,000 after buying an additional 1,688 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.