Shares of BorgWarner Inc. (NYSE:BWA) have been assigned an average recommendation of “Hold” from the twenty brokerages that are covering the firm. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $41.75.

A number of equities analysts have recently weighed in on BWA shares. Seaport Global Securities started coverage on shares of BorgWarner in a research report on Tuesday, August 9th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of BorgWarner from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Bank of America Corp. lowered shares of BorgWarner from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Robert W. Baird reissued a “buy” rating on shares of BorgWarner in a research report on Tuesday, June 28th. Finally, Buckingham Research started coverage on shares of BorgWarner in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $33.00 price objective for the company.

BorgWarner (NYSE:BWA) opened at 34.54 on Tuesday. The firm has a 50-day moving average of $34.93 and a 200 day moving average of $34.13. BorgWarner has a 12 month low of $27.52 and a 12 month high of $48.64. The stock has a market cap of $7.40 billion, a PE ratio of 12.49 and a beta of 1.93.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The business earned $2.33 billion during the quarter, compared to analyst estimates of $2.33 billion. BorgWarner had a net margin of 7.10% and a return on equity of 18.50%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. Analysts anticipate that BorgWarner will post $3.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Tuesday, August 30th. BorgWarner’s payout ratio is currently 18.77%.

In other news, VP Brady D. Ericson sold 16,240 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $33.77, for a total value of $548,424.80. Following the completion of the sale, the vice president now owns 70,156 shares of the company’s stock, valued at $2,369,168.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brady D. Ericson sold 17,132 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $33.69, for a total transaction of $577,177.08. Following the completion of the transaction, the vice president now owns 25,502 shares of the company’s stock, valued at $859,162.38. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Eaton Vance Management increased its position in shares of BorgWarner by 0.4% in the second quarter. Eaton Vance Management now owns 9,639 shares of the company’s stock valued at $285,000 after buying an additional 39 shares during the period. Washington Trust Bank increased its position in shares of BorgWarner by 1.4% in the second quarter. Washington Trust Bank now owns 4,054 shares of the company’s stock valued at $120,000 after buying an additional 54 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of BorgWarner by 0.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,800 shares of the company’s stock valued at $968,000 after buying an additional 114 shares during the period. World Asset Management Inc increased its position in shares of BorgWarner by 0.6% in the second quarter. World Asset Management Inc now owns 22,157 shares of the company’s stock valued at $654,000 after buying an additional 143 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of BorgWarner by 0.8% in the second quarter. CIBC Asset Management Inc now owns 22,897 shares of the company’s stock valued at $676,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.

5 Day Chart for NYSE:BWA

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