Shares of BorgWarner Inc. (NYSE:BWA) have earned an average recommendation of “Hold” from the twenty analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $51.47.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reiterated a “hold” rating and issued a $58.00 price objective on shares of BorgWarner in a research note on Sunday, January 21st. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. BMO Capital Markets lifted their price objective on shares of BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Finally, Oppenheimer assumed coverage on shares of BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective for the company.
In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the sale, the executive vice president now owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BWA. BlackRock Inc. grew its stake in shares of BorgWarner by 11.7% in the 4th quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after acquiring an additional 1,823,272 shares in the last quarter. Cornerstone Investment Partners LLC grew its stake in shares of BorgWarner by 87.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after acquiring an additional 1,519,785 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of BorgWarner by 154.3% in the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after acquiring an additional 1,259,970 shares in the last quarter. American Century Companies Inc. grew its stake in shares of BorgWarner by 245.4% in the 4th quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock worth $87,448,000 after acquiring an additional 1,216,102 shares in the last quarter. Finally, Rothschild Asset Management Inc. bought a new stake in shares of BorgWarner in the 3rd quarter worth $56,713,000. Hedge funds and other institutional investors own 96.25% of the company’s stock.
BorgWarner (NYSE:BWA) traded down $0.45 during trading hours on Wednesday, hitting $52.22. 1,363,379 shares of the stock traded hands, compared to its average volume of 1,608,956. The company has a market cap of $11,089.67, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.43 and a beta of 1.82. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. BorgWarner has a 12 month low of $37.54 and a 12 month high of $58.22.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. BorgWarner’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. equities research analysts anticipate that BorgWarner will post 4.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s dividend payout ratio (DPR) is presently 32.85%.
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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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