BorgWarner (NYSE:BWA) Receives New Coverage from Analysts at UBS Group

UBS Group assumed coverage on shares of BorgWarner (NYSE:BWA) in a research report sent to investors on Tuesday, FlyOnTheWall reports. The brokerage issued a buy rating on the auto parts company’s stock.

BWA has been the topic of several other reports. Robert W. Baird increased their target price on shares of BorgWarner from $48.00 to $50.00 in a research note on Thursday, July 6th. Wells Fargo & Company dropped their price objective on BorgWarner from $56.00 to $53.00 in a report on Monday, July 10th. Nomura Instinet reaffirmed a neutral rating and set a $44.00 target price on shares of BorgWarner in a research note on Thursday, August 17th. Citigroup increased their target price on BorgWarner from $43.98 to $50.00 and gave the company a neutral rating in a research report on Tuesday, July 18th. Finally, StockNews.com started coverage on BorgWarner in a research report on Sunday. They set a buy rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $51.62.

BorgWarner Stock Up 2.9 %

BorgWarner stock opened at $41.34 on Tuesday. BorgWarner has a fifty-two week low of $31.14 and a fifty-two week high of $51.14. The business’s 50-day simple moving average is $42.76 and its two-hundred day simple moving average is $45.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.62. The company has a market cap of $9.72 billion, a PE ratio of 10.21, a PEG ratio of 0.89 and a beta of 1.44.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.14 by $0.21. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.39 billion. BorgWarner had a net margin of 5.63% and a return on equity of 15.45%. Equities analysts anticipate that BorgWarner will post 3.76 EPS for the current year.

BorgWarner Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 31st. BorgWarner’s dividend payout ratio is presently 10.86%.

Institutional Investors Weigh In On BorgWarner

A number of large investors have recently modified their holdings of BWA. Column Capital Advisors LLC grew its position in shares of BorgWarner by 149.5% in the 2nd quarter. Column Capital Advisors LLC now owns 549 shares of the auto parts company’s stock valued at $27,000 after buying an additional 329 shares during the last quarter. Carson Advisory Inc. purchased a new position in shares of BorgWarner during the second quarter worth approximately $321,000. Steward Partners Investment Advisory LLC grew its position in shares of BorgWarner by 72.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 342 shares during the last quarter. AllSquare Wealth Management LLC purchased a new position in shares of BorgWarner during the first quarter worth approximately $43,000. Finally, Huntington National Bank grew its position in shares of BorgWarner by 86.0% during the second quarter. Huntington National Bank now owns 941 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 435 shares during the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

About BorgWarner

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.