BorgWarner Inc. (BWA) Receives Consensus Recommendation of “Hold” from Analysts
BorgWarner Inc. (NYSE:BWA) has received an average recommendation of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.21.
A number of research analysts recently issued reports on BWA shares. BidaskClub cut BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $54.00 price target on shares of BorgWarner in a report on Wednesday, May 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of BorgWarner in a report on Wednesday, May 31st.
Shares of BorgWarner (NYSE:BWA) opened at 48.76 on Friday. BorgWarner has a one year low of $33.09 and a one year high of $49.00. The firm has a market capitalization of $10.29 billion, a PE ratio of 54.36 and a beta of 1.73. The firm’s 50 day moving average is $45.87 and its 200-day moving average is $43.06.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. On average, equities research analysts predict that BorgWarner will post $3.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.15%. BorgWarner’s payout ratio is currently 62.92%.
In other news, insider Brady D. Ericson sold 11,052 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the transaction, the insider now directly owns 23,418 shares in the company, valued at approximately $1,062,708.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the transaction, the executive vice president now owns 34,120 shares of the company’s stock, valued at $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of BorgWarner by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock worth $867,128,000 after buying an additional 308,140 shares during the period. BlackRock Inc. grew its position in shares of BorgWarner by 3,228.4% during the 1st quarter. BlackRock Inc. now owns 13,090,582 shares of the auto parts company’s stock worth $547,056,000 after buying an additional 12,697,279 shares during the period. Boston Partners lifted its holdings in shares of BorgWarner by 2.2% during the 2nd quarter. Boston Partners now owns 10,810,607 shares of the auto parts company’s stock valued at $457,937,000 after purchasing an additional 229,447 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of BorgWarner by 2.1% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 8,486,663 shares of the auto parts company’s stock valued at $359,495,000 after purchasing an additional 176,245 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BorgWarner by 1.4% during the 1st quarter. JPMorgan Chase & Co. now owns 5,408,179 shares of the auto parts company’s stock valued at $226,008,000 after purchasing an additional 76,928 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.
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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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