BorgWarner (NYSE:BWA) PT Raised to $41.00 at Citigroup

BorgWarner (NYSE:BWA) had its price target boosted by Citigroup from $33.00 to $41.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Several other brokerages have also issued reports on BWA. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $59.00 to $52.00 and set an overweight rating on the stock in a research report on Thursday, January 25th. Wells Fargo & Company increased their target price on BorgWarner from $43.00 to $45.00 and gave the company an overweight rating in a report on Friday, May 3rd. TD Cowen lifted their price target on BorgWarner from $36.00 to $40.00 and gave the stock a buy rating in a research note on Friday, May 3rd. TheStreet cut BorgWarner from a b- rating to a c+ rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered BorgWarner from a buy rating to a hold rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $43.76.

BorgWarner Stock Up 0.6 %

BorgWarner stock opened at $37.72 on Monday. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The company has a market cap of $8.59 billion, a PE ratio of 14.29, a PEG ratio of 1.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54. The business’s 50-day simple moving average is $33.62 and its two-hundred day simple moving average is $33.72.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts anticipate that BorgWarner will post 3.94 EPS for the current year.

BorgWarner announced that its board has initiated a stock repurchase program on Thursday, May 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the auto parts company to buy up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the transaction, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock worth $9,015,478 over the last quarter. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BorgWarner

Several hedge funds have recently bought and sold shares of BWA. Cambridge Investment Research Advisors Inc. lifted its position in shares of BorgWarner by 15.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,583 shares of the auto parts company’s stock worth $710,000 after purchasing an additional 2,323 shares in the last quarter. Raymond James & Associates lifted its holdings in BorgWarner by 4.7% during the 3rd quarter. Raymond James & Associates now owns 459,318 shares of the auto parts company’s stock worth $18,543,000 after buying an additional 20,536 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in BorgWarner by 2.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 64,887 shares of the auto parts company’s stock valued at $2,619,000 after buying an additional 1,339 shares during the period. Bank of New York Mellon Corp increased its position in shares of BorgWarner by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 2,166,308 shares of the auto parts company’s stock worth $87,454,000 after acquiring an additional 76,659 shares during the period. Finally, AMF Tjanstepension AB raised its stake in shares of BorgWarner by 1.7% in the third quarter. AMF Tjanstepension AB now owns 100,930 shares of the auto parts company’s stock valued at $4,075,000 after acquiring an additional 1,730 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.