BorgWarner (NYSE:BWA) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a research report released on Friday.

Several other equities analysts have also recently weighed in on the stock. Barclays decreased their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report 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, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $40.47.

BorgWarner Trading Down 0.8 %

BWA opened at $30.00 on Friday. The firm’s fifty day simple moving average is $32.42 and its 200 day simple moving average is $33.28. The stock has a market capitalization of $6.56 billion, a P/E ratio of 7.61, a P/E/G ratio of 0.66 and a beta of 1.18. 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 12 month low of $29.33 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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, research analysts anticipate that BorgWarner will post 4.23 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared 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 of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.47%. BorgWarner’s dividend payout ratio is currently 11.17%.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 over the last quarter. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors have recently made changes to their positions in the stock. Inspire Advisors LLC raised its holdings in BorgWarner by 44.5% in the 4th quarter. Inspire Advisors LLC now owns 15,434 shares of the auto parts company’s stock valued at $491,000 after acquiring an additional 4,751 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in BorgWarner by 11.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,745 shares of the auto parts company’s stock valued at $373,000 after purchasing an additional 1,239 shares in the last quarter. Moran Wealth Management LLC lifted its position in BorgWarner by 5.5% during the fourth quarter. Moran Wealth Management LLC now owns 17,869 shares of the auto parts company’s stock worth $568,000 after purchasing an additional 932 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BorgWarner by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,900 shares of the auto parts company’s stock worth $1,809,000 after buying an additional 2,389 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in BorgWarner by 137.9% during the fourth quarter. Personal CFO Solutions LLC now owns 31,159 shares of the auto parts company’s stock worth $991,000 after buying an additional 18,059 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.