Morgan Stanley Has Lowered Expectations for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its target price decreased by Morgan Stanley from $45.00 to $40.00 in a report released on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the auto parts company’s stock.

A number of other equities analysts have also recently commented on the stock. 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 research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their target price 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 reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, The Goldman Sachs Group decreased 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $40.53.

BorgWarner Stock Performance

BorgWarner stock opened at $29.24 on Monday. The firm’s fifty day moving average price is $31.09 and its 200-day moving average price is $32.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market cap of $6.39 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. BorgWarner has a fifty-two week low of $27.90 and a fifty-two week 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, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities research analysts expect that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Studio Investment Management LLC grew its holdings in BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares during the period. Avior Wealth Management LLC grew its holdings in 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 purchasing an additional 342 shares during the period. Janney Montgomery Scott LLC grew its holdings in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after purchasing an additional 393 shares during the period. Finally, Wellington Management Group LLP grew its holdings in BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. 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.