BorgWarner (NYSE:BWA) PT Raised to $45.00 at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its price objective lifted by Wells Fargo & Company from $43.00 to $45.00 in a research report sent to investors on Friday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on the company. The Goldman Sachs Group lowered their target price on BorgWarner from $38.00 to $34.00 and set a neutral rating on the stock in a report on Friday, February 9th. TheStreet cut BorgWarner from a b- rating to a c+ rating in a report on Thursday, February 8th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $59.00 to $52.00 and set an overweight rating on the stock in a report on Thursday, January 25th. Robert W. Baird raised their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the stock a neutral rating in a research report on Friday. Finally, StockNews.com lowered shares of BorgWarner from a buy rating to a hold rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $43.93.

BorgWarner Trading Up 2.3 %

Shares of BorgWarner stock opened at $36.44 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. BorgWarner has a twelve month low of $29.51 and a twelve month high of $50.04. The firm has a market capitalization of $8.37 billion, a PE ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30. The firm’s 50-day moving average price is $33.10 and its 200 day moving average price is $33.69.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the business posted $1.09 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner will post 3.94 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.44 annualized dividend and a yield of 1.21%. BorgWarner’s dividend payout ratio is presently 16.67%.

Insider Transactions at BorgWarner

In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,503 shares of company stock valued at $9,015,478. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BorgWarner

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of BorgWarner by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after buying an additional 331,401 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of BorgWarner by 10.9% during the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after purchasing an additional 948,659 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of BorgWarner by 3.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after purchasing an additional 166,007 shares in the last quarter. Boston Partners lifted its holdings in shares of BorgWarner by 58.9% in the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after purchasing an additional 1,951,783 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.