Brokerages Set BorgWarner Inc. (NYSE:BWA) PT at $37.73

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seventeen research firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.73.

Several research analysts have recently weighed in on BWA shares. Barclays reduced their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Guggenheim decreased their target price on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price target on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Robert W. Baird lifted their price target on shares of BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $34.00 in a research report on Thursday, April 10th.

BorgWarner Stock Performance

BWA traded down $0.29 on Thursday, hitting $33.39. 4,891,356 shares of the company traded hands, compared to its average volume of 2,698,023. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $30.05 and a 200-day moving average of $30.76. BorgWarner has a 12-month low of $24.40 and a 12-month high of $37.29. The stock has a market capitalization of $7.34 billion, a PE ratio of 23.35, a PEG ratio of 0.77 and a beta of 1.10.

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

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.32%. BorgWarner's dividend payout ratio (DPR) is 35.20%.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president now owns 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.63% of the company's stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently modified their holdings of BWA. Global X Japan Co. Ltd. boosted its stake in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC bought a new stake in BorgWarner during the first quarter valued at $30,000. LRI Investments LLC grew its holdings in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after acquiring an additional 909 shares during the last quarter. Meeder Asset Management Inc. lifted its position in BorgWarner by 63.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 539 shares during the period. Finally, Allworth Financial LP boosted its holdings in BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock worth $41,000 after purchasing an additional 793 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.