BorgWarner Inc. (BWA) Stock Rating Reaffirmed by BMO Capital Markets
Several other research firms also recently weighed in on BWA. Morgan Stanley reduced their target price on shares of BorgWarner from $34.00 to $32.00 and set an underweight rating for the company in a research note on Friday, June 9th. Jefferies Group LLC reaffirmed a buy rating and set a $56.00 price objective on shares of BorgWarner in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of BorgWarner from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Wednesday, June 7th. ValuEngine cut shares of BorgWarner from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a buy rating and set a $55.00 price objective on shares of BorgWarner in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $44.00.
Shares of BorgWarner (NYSE:BWA) opened at 48.76 on Tuesday. BorgWarner has a 12-month low of $33.09 and a 12-month high of $49.00. The firm has a 50-day moving average of $45.87 and a 200-day moving average of $43.06. The company has a market cap of $10.29 billion, a P/E ratio of 54.36 and a beta of 1.73.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. Analysts predict that BorgWarner will post $3.70 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.56 annualized dividend and a yield of 1.15%. BorgWarner’s payout ratio is presently 62.92%.
In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the completion of the sale, the executive vice president now directly owns 34,120 shares in the company, valued at $1,535,058.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the sale, the insider now owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co lifted its position in BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after purchasing an additional 135 shares during the last quarter. Van ECK Associates Corp lifted its position in BorgWarner by 6.8% during the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 171 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in BorgWarner during the first quarter valued at approximately $105,000. SRS Capital Advisors Inc. lifted its position in BorgWarner by 13.7% during the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 354 shares during the last quarter. Finally, Exane Derivatives bought a new stake in BorgWarner during the second quarter valued at approximately $135,000. Institutional investors and hedge funds own 91.11% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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