BorgWarner (BWA) Lowered to Strong Sell at ValuEngine

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ValuEngine downgraded shares of BorgWarner (NYSE:BWA) from a sell rating to a strong sell rating in a research note released on Thursday.

Other equities research analysts have also issued research reports about the stock. Seaport Global Securities initiated coverage on shares of BorgWarner in a report on Wednesday, February 13th. They issued a neutral rating for the company. TheStreet raised shares of BorgWarner from a c+ rating to a b- rating in a report on Thursday, January 31st. Zacks Investment Research lowered shares of BorgWarner from a hold rating to a sell rating in a report on Monday, February 25th. Barclays set a $36.00 target price on shares of BorgWarner and gave the stock a hold rating in a report on Friday, January 4th. Finally, Robert W. Baird raised shares of BorgWarner to a top pick rating in a report on Friday, February 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BorgWarner currently has an average rating of Buy and a consensus price target of $49.62.

Shares of NYSE BWA opened at $37.64 on Thursday. The firm has a market capitalization of $7.82 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.13 and a beta of 1.73. The company has a quick ratio of 1.26, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. BorgWarner has a one year low of $32.46 and a one year high of $54.35.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 14th. The auto parts company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.07 by $0.14. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.55 billion. BorgWarner had a net margin of 8.84% and a return on equity of 22.70%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. Equities research analysts expect that BorgWarner will post 4.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, February 28th. BorgWarner’s dividend payout ratio is currently 15.18%.

In related news, EVP Tonit M. Calaway sold 12,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $41.93, for a total value of $503,160.00. Following the completion of the sale, the executive vice president now owns 28,066 shares of the company’s stock, valued at $1,176,807.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah D. Mcwhinney acquired 1,421 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was purchased at an average cost of $35.14 per share, with a total value of $49,933.94. The disclosure for this purchase can be found here. Insiders sold 26,660 shares of company stock valued at $1,099,248 in the last three months. 0.74% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Equity Partners LLC lifted its position in BorgWarner by 39.5% in the third quarter. Chicago Equity Partners LLC now owns 15,245 shares of the auto parts company’s stock valued at $652,000 after buying an additional 4,315 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in BorgWarner in the third quarter valued at about $1,322,000. Janney Montgomery Scott LLC lifted its position in BorgWarner by 10.4% in the third quarter. Janney Montgomery Scott LLC now owns 18,314 shares of the auto parts company’s stock valued at $783,000 after buying an additional 1,718 shares during the last quarter. ING Groep NV acquired a new position in BorgWarner in the third quarter valued at about $1,074,000. Finally, SG Americas Securities LLC lifted its position in BorgWarner by 110.9% in the third quarter. SG Americas Securities LLC now owns 178,302 shares of the auto parts company’s stock valued at $7,628,000 after buying an additional 93,765 shares during the last quarter. 90.12% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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