BorgWarner (NYSE:BWA) Hits New 12-Month High – What’s Next?

Shares of BorgWarner Inc. (NYSE:BWA) reached a new 52-week high during trading on Wednesday . The company traded as high as $49.83 and last traded at $50.0080, with a volume of 112871 shares. The stock had previously closed at $48.57.

Analyst Upgrades and Downgrades

BWA has been the topic of several research reports. Evercore ISI raised their price objective on shares of BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, January 21st. Wells Fargo & Company dropped their price target on BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Piper Sandler reiterated a “neutral” rating and issued a $51.00 price objective (down from $52.00) on shares of BorgWarner in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised their price objective on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $47.31.

BorgWarner Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $45.91 and a 200 day moving average price of $43.51. The stock has a market cap of $10.77 billion, a PE ratio of 79.92, a P/E/G ratio of 0.97 and a beta of 1.09.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 1st. BorgWarner’s dividend payout ratio is currently 107.94%.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the vice president owned 204,040 shares of the company’s stock, valued at $9,385,840. This trade represents a 2.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by insiders.

Institutional Trading of BorgWarner

Large investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd increased its holdings in BorgWarner by 60.8% during the 4th quarter. Swiss Life Asset Management Ltd now owns 15,956 shares of the auto parts company’s stock valued at $719,000 after purchasing an additional 6,034 shares during the period. Securian Asset Management Inc. bought a new stake in shares of BorgWarner in the 4th quarter worth approximately $702,000. Dynamic Wealth Strategies LLC increased its stake in shares of BorgWarner by 19.2% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 5,251 shares of the auto parts company’s stock valued at $237,000 after buying an additional 846 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of BorgWarner by 13.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 132,065 shares of the auto parts company’s stock valued at $5,951,000 after acquiring an additional 15,684 shares in the last quarter. Finally, Ethic Inc. lifted its stake in BorgWarner by 14.8% in the fourth quarter. Ethic Inc. now owns 82,603 shares of the auto parts company’s stock worth $3,722,000 after acquiring an additional 10,641 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.