BorgWarner’s (BWA) Overweight Rating Reiterated at Barclays

Barclays reiterated their overweight rating on shares of BorgWarner (NYSE:BWA) in a research note released on Wednesday, Marketbeat Ratings reports. Barclays currently has a $45.00 price objective on the auto parts company’s stock, up from their previous price objective of $42.00.

A number of other equities research analysts have also issued reports on BWA. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Tuesday, March 18th. Bank of America lifted their target price on BorgWarner from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, June 16th. Robert W. Baird lifted their target price on BorgWarner from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. Finally, Wells Fargo & Company lifted their target price on BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.07.

BorgWarner Stock Performance

NYSE BWA opened at $34.99 on Wednesday. The stock has a market capitalization of $7.69 billion, a PE ratio of 27.99, a P/E/G ratio of 1.56 and a beta of 1.09. The business has a 50 day simple moving average of $33.67 and a two-hundred day simple moving average of $30.93. 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 1-year low of $24.40 and a 1-year high of $37.29.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The firm 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 quarterly revenue was down 2.2% compared to the same quarter last year. On average, research analysts predict that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors 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 1.26%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Insider Buying and Selling at BorgWarner

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

Institutional Trading of BorgWarner

A number of hedge funds have recently modified their holdings of BWA. Global X Japan Co. Ltd. raised its holdings in BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 523 shares during the period. Manchester Capital Management LLC purchased a new position in BorgWarner during the first quarter worth approximately $30,000. LRI Investments LLC raised its holdings in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 909 shares during the period. Trust Co. of Vermont boosted its holdings in BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of BorgWarner by 63.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after buying an additional 539 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.