BorgWarner Inc. (NYSE:BWA) Receives $37.19 Consensus PT from Brokerages

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $37.19.

A number of equities analysts have issued reports on BWA shares. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research report on Friday, March 7th. Guggenheim decreased their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 in the last quarter. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On BorgWarner

Several large investors have recently modified their holdings of the stock. Avior Wealth Management LLC raised its position in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC raised its position in BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after buying an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in BorgWarner by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after buying an additional 393 shares during the last quarter. Norinchukin Bank The raised its position in BorgWarner by 4.4% in the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after buying an additional 402 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in BorgWarner by 26.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after buying an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Trading Up 0.2 %

BorgWarner stock traded up $0.07 during mid-day trading on Wednesday, hitting $28.34. The company's stock had a trading volume of 1,322,915 shares, compared to its average volume of 2,787,525. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The business has a 50 day moving average price of $28.11 and a 200-day moving average price of $31.22. BorgWarner has a 12 month low of $24.40 and a 12 month high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, analysts forecast that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.55%. BorgWarner's payout ratio is presently 30.77%.

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.