BorgWarner (NYSE:BWA) Stock Price Expected to Rise, Robert W. Baird Analyst Says

BorgWarner (NYSE:BWA - Free Report) had its price target upped by Robert W. Baird from $32.00 to $39.00 in a research note issued to investors on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company's stock.

Several other equities analysts also recently commented on the company. Bank of America boosted their price objective on BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, June 16th. UBS Group upped their target price on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and increased their price objective for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Finally, Wells Fargo & Company increased their price target on BorgWarner from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

BorgWarner Stock Down 1.2%

NYSE:BWA traded down $0.42 during trading hours on Friday, reaching $35.40. 1,489,402 shares of the company traded hands, compared to its average volume of 2,711,447. The stock has a market capitalization of $7.78 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.57 and a beta of 1.09. The business's 50-day moving average price is $33.17 and its two-hundred day moving average price is $30.82. BorgWarner has a 1 year low of $24.40 and a 1 year high of $37.29. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. BorgWarner's revenue was down 2.2% compared to the same quarter last year. Analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. BorgWarner's dividend payout ratio is currently 35.20%.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the business's 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 transaction, the executive vice president owned 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 SEC, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the vice president directly owned 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. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BorgWarner

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

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.