BorgWarner (NYSE:BWA) Price Target Cut to $42.00 by Analysts at Barclays

BorgWarner (NYSE:BWA) had its price objective trimmed by Barclays from $43.00 to $42.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

BWA has been the subject of several other research reports. Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Evercore ISI decreased their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

BorgWarner Price Performance

BWA opened at $29.46 on Tuesday. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.63 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $32.23 and a 200-day moving average price of $33.25. BorgWarner has a twelve month low of $29.23 and a twelve month high of $38.22.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. Equities analysts expect that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner’s dividend payout ratio is 30.77%.

Insiders Place Their Bets

In other BorgWarner news, 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. Brooklyn Investment Group bought a new position in BorgWarner in the third quarter worth $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner in the 3rd quarter worth about $38,000. Avior Wealth Management LLC increased its stake in shares of BorgWarner by 31.3% in the 4th 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 in the last quarter. Trust Co. of Vermont increased its stake in shares of BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 645 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in BorgWarner during the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.