BorgWarner (NYSE:BWA) Price Target Cut to $35.00 by Analysts at Barclays

BorgWarner (NYSE:BWA - Free Report) had its target price reduced by Barclays from $42.00 to $35.00 in a research report report published on Tuesday,Benzinga reports. They currently have an overweight rating on the auto parts company's stock.

BWA has been the topic of a number of other research reports. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Evercore ISI lowered their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. UBS Group restated a "neutral" rating and set a $31.00 price target (down previously from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Finally, The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and raised their price objective for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.50.

BorgWarner Trading Up 1.5 %

Shares of BorgWarner stock traded up $0.40 on Tuesday, reaching $26.42. 1,371,504 shares of the company were exchanged, compared to its average volume of 2,795,759. BorgWarner has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $28.38 and a 200-day moving average price of $31.55.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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%. On average, analysts expect that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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. Over the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp raised its position in shares of BorgWarner by 4.0% during the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after acquiring an additional 595 shares during the last quarter. Norges Bank bought a new position in BorgWarner during the fourth quarter worth about $62,180,000. State of Alaska Department of Revenue grew its position in shares of BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after buying an additional 25,475 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of BorgWarner in the 4th quarter valued at approximately $1,197,000. Finally, Wellington Management Group LLP boosted its stake in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock worth $1,003,000 after acquiring an additional 394 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

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.