BorgWarner Inc. (NYSE:BWA)‘s stock had its “underperform” rating reaffirmed by stock analysts at Bank of America Corporation in a note issued to investors on Friday. They currently have a $27.00 price objective on the auto parts company’s stock, down from their prior price objective of $30.00. Bank of America Corporation’s target price would indicate a potential downside of 34.67% from the company’s current price.
Several other research analysts have also weighed in on the company. Morgan Stanley lowered their price objective on BorgWarner from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 9th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, June 7th. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG reissued a “buy” rating and issued a $54.00 price objective on shares of BorgWarner in a research report on Wednesday, May 31st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price objective on shares of BorgWarner in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.62.
BorgWarner (NYSE:BWA) opened at 41.33 on Friday. BorgWarner has a 12-month low of $27.52 and a 12-month high of $45.05. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 61.50 and a beta of 1.62. The firm’s 50-day moving average price is $42.10 and its 200 day moving average price is $41.07.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.07. BorgWarner had a return on equity of 20.10% and a net margin of 1.56%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts expect that BorgWarner will post $3.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.35%. BorgWarner’s dividend payout ratio (DPR) is currently 86.16%.
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In other BorgWarner news, insider Ronald T. Hundzinski sold 3,776 shares of BorgWarner stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $41.53, for a total transaction of $156,817.28. Following the completion of the transaction, the insider now owns 141,958 shares in the company, valued at approximately $5,895,515.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis C. Cuneo sold 1,000 shares of BorgWarner stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $44.06, for a total value of $44,060.00. Following the transaction, the director now owns 13,398 shares of the company’s stock, valued at approximately $590,315.88. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. First Bank & Trust increased its position in BorgWarner by 0.3% in the first quarter. First Bank & Trust now owns 4,126 shares of the auto parts company’s stock worth $173,000 after buying an additional 12 shares during the period. Atria Investments LLC increased its position in BorgWarner by 0.8% in the first quarter. Atria Investments LLC now owns 5,456 shares of the auto parts company’s stock worth $228,000 after buying an additional 43 shares during the period. HighPoint Advisor Group LLC increased its position in BorgWarner by 0.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,816 shares of the auto parts company’s stock worth $809,000 after buying an additional 48 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in BorgWarner by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,846 shares of the auto parts company’s stock worth $788,000 after buying an additional 77 shares during the period. Finally, Pacer Advisors Inc. increased its position in BorgWarner by 3.1% in the first quarter. Pacer Advisors Inc. now owns 4,092 shares of the auto parts company’s stock worth $171,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 93.37% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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