BorgWarner (NYSE:BWA) Upgraded at StockNews.com

StockNews.com upgraded shares of BorgWarner (NYSE:BWA) from a hold rating to a buy rating in a report published on Friday.

BWA has been the topic of a number of other research reports. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Tuesday, March 18th. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Piper Sandler lowered their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. 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 report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $39.06.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $25.92 on Friday. The firm’s fifty day simple moving average is $29.63 and its 200-day simple moving average is $32.27. BorgWarner has a 12 month low of $24.66 and a 12 month high of $38.23. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last posted 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%. As a group, equities analysts forecast that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.70%. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Activity at BorgWarner

In other news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value 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 represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of large investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in BorgWarner by 448.5% in the 1st quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 1,480 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of BorgWarner by 231.1% during the fourth quarter. Wellington Management Group LLP now owns 91,466 shares of the auto parts company’s stock valued at $2,908,000 after buying an additional 63,837 shares during the period. 111 Capital acquired a new stake in BorgWarner during the fourth quarter worth approximately $206,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in BorgWarner during the fourth quarter worth approximately $9,286,000. Finally, American Trust raised its holdings in BorgWarner by 11.7% in the 4th quarter. American Trust now owns 11,897 shares of the auto parts company’s stock valued at $378,000 after acquiring an additional 1,243 shares during 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.