BorgWarner Inc. (NYSE:BWA) has been assigned a consensus rating of “Hold” from the twenty brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.75.
Several equities research analysts have weighed in on the company. Seaport Global Securities assumed coverage on BorgWarner in a research note on Tuesday, August 9th. They set a “neutral” rating on the stock. Buckingham Research assumed coverage on BorgWarner in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $33.00 price objective on the stock. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Bank of America Corp. cut BorgWarner from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Finally, Robert W. Baird reissued an “outperform” rating and set a $46.00 price objective on shares of BorgWarner in a research note on Wednesday, September 7th.
Shares of BorgWarner (NYSE:BWA) opened at 34.54 on Tuesday. BorgWarner has a 12-month low of $27.52 and a 12-month high of $48.64. The company has a 50 day moving average of $34.93 and a 200-day moving average of $34.13. The firm has a market cap of $7.40 billion, a PE ratio of 12.49 and a beta of 1.93.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, July 28th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. BorgWarner had a return on equity of 18.50% and a net margin of 7.10%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year. Equities research analysts forecast that BorgWarner will post $3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.13 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. BorgWarner’s payout ratio is 18.77%.
In related news, VP Brady D. Ericson sold 16,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $33.77, for a total value of $548,424.80. Following the completion of the transaction, the vice president now owns 70,156 shares of the company’s stock, valued at $2,369,168.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas J. Mcgill sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $31.83, for a total transaction of $159,150.00. Following the completion of the transaction, the vice president now directly owns 31,061 shares of the company’s stock, valued at approximately $988,671.63. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services Inc increased its position in shares of BorgWarner by 48.1% in the first quarter. Commonwealth Equity Services Inc now owns 9,763 shares of the company’s stock worth $375,000 after buying an additional 3,173 shares during the period. Ngam Advisors L.P. increased its position in shares of BorgWarner by 45.3% in the first quarter. Ngam Advisors L.P. now owns 34,860 shares of the company’s stock worth $1,339,000 after buying an additional 10,863 shares during the period. Teachers Advisors Inc. increased its position in shares of BorgWarner by 2.0% in the first quarter. Teachers Advisors Inc. now owns 225,344 shares of the company’s stock worth $8,653,000 after buying an additional 4,434 shares during the period. JPMorgan Chase & Co. increased its position in shares of BorgWarner by 602.5% in the first quarter. JPMorgan Chase & Co. now owns 1,305,240 shares of the company’s stock worth $50,121,000 after buying an additional 1,119,434 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of BorgWarner by 26.0% in the first quarter. Bessemer Group Inc. now owns 10,571 shares of the company’s stock worth $407,000 after buying an additional 2,178 shares during the period. 88.29% of the stock is owned by institutional investors.
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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