BorgWarner (NYSE:BWA) Price Target Raised to $38.00 at UBS Group

BorgWarner (NYSE:BWA) had its price target boosted by UBS Group from $35.00 to $38.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other brokerages have also commented on BWA. Bank of America boosted their price objective on BorgWarner from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Barclays decreased their price objective on BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday. The Goldman Sachs Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Finally, BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

BorgWarner Stock Up 0.7%

NYSE BWA opened at $35.68 on Monday. The business has a fifty day moving average price of $33.17 and a two-hundred day moving average price of $30.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. BorgWarner has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The stock has a market capitalization of $7.84 billion, a PE ratio of 28.54, a PEG ratio of 1.56 and a beta of 1.09.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company earned $1.03 EPS. BorgWarner’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts expect that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.23%. BorgWarner’s payout ratio is presently 35.20%.

Insider Activity

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president owned 214,521 shares in the company, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president directly owned 63,445 shares of the company’s stock, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 523 shares during the period. Manchester Capital Management LLC purchased a new position in BorgWarner in the first quarter valued at $30,000. LRI Investments LLC boosted its holdings in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 909 shares during the period. Meeder Asset Management Inc. boosted its holdings in BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares during the period. Finally, Allworth Financial LP lifted its holdings in BorgWarner by 123.1% during the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock worth $41,000 after buying an additional 793 shares during the last quarter. 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.