Brokerages Set BorgWarner Inc. (NYSE:BWA) Price Target at $40.40

Shares of BorgWarner Inc. (NYSE:BWA) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.20.

A number of equities research analysts recently weighed in on BWA shares. The Goldman Sachs Group dropped their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value 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. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BWA. Matrix Trust Co bought a new position in shares of BorgWarner in the 3rd quarter valued at $25,000. Brooklyn Investment Group acquired a new stake in BorgWarner in the third quarter valued at about $32,000. True Wealth Design LLC bought a new position in BorgWarner in the third quarter valued at about $38,000. Resona Asset Management Co. Ltd. acquired a new position in BorgWarner during the fourth quarter worth about $45,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

NYSE:BWA opened at $29.39 on Friday. The stock’s 50-day simple moving average is $32.02 and its 200 day simple moving average is $33.19. BorgWarner has a 52-week low of $28.65 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The company has a market cap of $6.43 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, sell-side analysts forecast that BorgWarner will post 4.54 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 issued a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.50%. BorgWarner’s dividend payout ratio is presently 30.77%.

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.