Barclays Cuts BorgWarner (NYSE:BWA) Price Target to $42.00

BorgWarner (NYSE:BWA) had its target price cut by Barclays from $43.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other research analysts have also recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company upped their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $40.20.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $29.39 on Tuesday. BorgWarner has a 12 month low of $28.65 and a 12 month high of $38.22. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 0.63 and a beta of 1.18. The stock’s 50 day moving average price is $32.02 and its 200 day moving average price is $33.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts anticipate that BorgWarner will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Activity

In other news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % 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 corporate insiders.

Hedge Funds Weigh In On BorgWarner

Several institutional investors and hedge funds have recently modified their holdings of BWA. Brooklyn Investment Group bought a new stake in BorgWarner in the third quarter worth $32,000. True Wealth Design LLC bought a new stake in BorgWarner in the third quarter worth $38,000. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner during the fourth quarter valued at about $45,000. Avior Wealth Management LLC boosted its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 645 shares during the period. 95.67% of the stock is currently owned by hedge funds and other 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.