StockNews.com Downgrades BorgWarner (NYSE:BWA) to Hold

StockNews.com downgraded shares of BorgWarner (NYSE:BWA - Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other research analysts also recently commented on the company. The Goldman Sachs Group upgraded 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 note on Thursday, April 10th. Wells Fargo & Company upped their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.50.

BorgWarner Stock Up 0.5 %

Shares of NYSE:BWA traded up $0.14 during midday trading on Friday, hitting $26.16. The stock had a trading volume of 93,634 shares, compared to its average volume of 2,784,364. The company has a market cap of $5.75 billion, a P/E ratio of 18.31, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner has a 12 month low of $24.40 and a 12 month high of $38.23. The business's 50-day simple moving average is $28.50 and its 200-day simple moving average is $31.71. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, sell-side analysts forecast that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction 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. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 in the last ninety days. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

Several large investors have recently added to or reduced their stakes in BWA. LRI Investments LLC grew its position in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the fourth quarter worth $45,000. Avior Wealth Management LLC grew its holdings in BorgWarner by 31.3% in the fourth 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 period. Kapitalo Investimentos Ltda bought a new stake in BorgWarner in the fourth quarter valued at $48,000. Finally, UMB Bank n.a. raised its holdings in shares of BorgWarner by 97.2% during the first quarter. UMB Bank n.a. now owns 1,757 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 866 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Company Profile

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.