BorgWarner Inc. (NYSE:BWA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $37.73.

Several equities research analysts recently commented on BWA shares. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Piper Sandler reiterated an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. Morgan Stanley cut their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Wall Street Zen upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the sale, the executive vice president now owns 214,521 shares in the company, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the vice president now owns 63,445 shares of the company's stock, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of BorgWarner

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC increased its stake in BorgWarner by 35.6% during the 1st quarter. Inspire Investing LLC now owns 11,052 shares of the auto parts company's stock valued at $317,000 after purchasing an additional 2,902 shares in the last quarter. Strs Ohio bought a new stake in shares of BorgWarner in the 1st quarter worth $1,664,000. Acadian Asset Management LLC grew its stake in shares of BorgWarner by 23.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company's stock worth $257,000 after acquiring an additional 1,723 shares in the last quarter. Woodline Partners LP grew its stake in shares of BorgWarner by 4,140.3% in the 1st quarter. Woodline Partners LP now owns 556,924 shares of the auto parts company's stock worth $15,956,000 after acquiring an additional 543,790 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of BorgWarner in the 1st quarter worth $1,223,000. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of BWA traded down $0.29 during mid-day trading on Thursday, reaching $33.09. The company had a trading volume of 5,151,731 shares, compared to its average volume of 2,709,996. The company's 50 day simple moving average is $30.37 and its 200 day simple moving average is $30.69. BorgWarner has a 1-year low of $24.40 and a 1-year high of $37.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 0.77 and a beta of 1.10.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company posted $1.03 EPS. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. Analysts expect that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. BorgWarner's dividend payout ratio is currently 35.20%.

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.