BorgWarner (NYSE:BWA) Price Target Cut to $43.00 by Analysts at Barclays

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

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wells Fargo & Company dropped their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $40.47.

BorgWarner Stock Down 2.8 %

NYSE:BWA opened at $31.81 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.20. BorgWarner has a one year low of $29.51 and a one year high of $38.22. The stock has a 50-day simple moving average of $32.99 and a 200 day simple moving average of $33.38.

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

BorgWarner Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 in the last ninety days. 0.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

A number of large investors have recently made changes to their positions in the company. Matrix Trust Co purchased a new position in BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the third quarter valued at $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner during the third quarter valued at $38,000. Trust Co. of Vermont raised its position in BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after buying an additional 645 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in 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. Institutional investors and hedge funds 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.