BorgWarner Inc. (BWA) Receives Consensus Rating of “Hold” from Analysts
Shares of BorgWarner Inc. (NYSE:BWA) have been given a consensus rating of “Hold” by the eighteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.08.
A number of equities analysts recently issued reports on BWA shares. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets restated an “outperform” rating on shares of BorgWarner in a research report on Tuesday, September 12th. ValuEngine downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $55.00 target price on shares of BorgWarner in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $56.00 target price on shares of BorgWarner in a research report on Tuesday, August 29th.
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In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the sale, the insider now directly owns 23,418 shares in the company, valued at $1,062,708.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the sale, 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. Corporate insiders own 0.66% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co lifted its stake in BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after purchasing an additional 135 shares during the period. Van ECK Associates Corp increased its holdings in shares of BorgWarner by 6.8% during the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock worth $113,000 after buying an additional 171 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of BorgWarner by 13.7% during the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock worth $122,000 after buying an additional 354 shares in the last quarter. Exane Derivatives acquired a new stake in shares of BorgWarner during the second quarter worth approximately $135,000. Finally, Global X Management Co. LLC increased its holdings in shares of BorgWarner by 29.9% during the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock worth $154,000 after buying an additional 851 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.
BorgWarner (BWA) opened at 52.01 on Thursday. The company has a market capitalization of $10.98 billion, a P/E ratio of 57.98 and a beta of 1.76. The stock’s 50 day moving average price is $48.58 and its 200-day moving average price is $44.18. BorgWarner has a 52-week low of $33.09 and a 52-week high of $52.71.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. BorgWarner’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. Analysts predict that BorgWarner will post $3.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.08%. BorgWarner’s payout ratio is currently 62.92%.
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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