BorgWarner (NYSE:BWA) Cut to Hold at StockNews.com

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

Other research analysts also recently issued reports about the company. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Barclays dropped their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.47.

BorgWarner Trading Down 0.8 %

NYSE BWA opened at $30.00 on Friday. BorgWarner has a twelve month low of $29.33 and a twelve month high of $38.22. The business’s fifty day moving average is $32.42 and its 200 day moving average is $33.28. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. As a group, sell-side analysts expect that BorgWarner will post 4.23 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. This represents a 8.63 % 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 over the last three months. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after purchasing an additional 4,625,685 shares in the last quarter. Swedbank AB boosted its holdings in BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the period. Allspring Global Investments Holdings LLC grew its stake in BorgWarner by 3,195.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock valued at $18,366,000 after buying an additional 568,594 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after acquiring an additional 445,540 shares during the period. Finally, Bridgewater Associates LP lifted its position in shares of BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after acquiring an additional 370,726 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.