Barclays Lowers BorgWarner (NYSE:BWA) Price Target to $43.00

BorgWarner (NYSE:BWA) had its price objective cut by Barclays from $47.00 to $43.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other analysts also recently commented on BWA. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company lowered their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $31.81 on Wednesday. The business has a fifty day simple moving average of $32.99 and a 200 day simple moving average of $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. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.64 and a beta of 1.20.

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

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.38%. BorgWarner’s payout ratio is 11.17%.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the sale, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 222,010 shares of company stock worth $7,678,076. Company insiders own 0.63% of the company’s stock.

Institutional Trading of BorgWarner

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of BorgWarner by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 194,802 shares of the auto parts company’s stock valued at $6,280,000 after purchasing an additional 3,727 shares during the period. XTX Topco Ltd grew its position in BorgWarner by 81.5% in the second quarter. XTX Topco Ltd now owns 14,122 shares of the auto parts company’s stock valued at $455,000 after acquiring an additional 6,341 shares during the period. Public Sector Pension Investment Board acquired a new position in BorgWarner during the second quarter worth $1,248,000. Bank of Montreal Can lifted its holdings in shares of BorgWarner by 4.5% during the second quarter. Bank of Montreal Can now owns 301,623 shares of the auto parts company’s stock valued at $9,724,000 after acquiring an additional 12,873 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of BorgWarner in the 2nd quarter valued at $295,000. Institutional investors 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.