Wells Fargo & Company Raises BorgWarner (NYSE:BWA) Price Target to $45.00

BorgWarner (NYSE:BWA) had its target price hoisted by Wells Fargo & Company from $43.00 to $45.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

A number of other equities research analysts have also recently issued reports on the company. TheStreet cut BorgWarner from a b- rating to a c+ rating in a research note on Thursday, February 8th. Barclays increased their price target on shares of BorgWarner from $40.00 to $44.00 and gave the company an overweight rating in a research note on Thursday, April 11th. Oppenheimer boosted their price objective on shares of BorgWarner from $39.00 to $40.00 and gave the stock an outperform rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $59.00 to $52.00 and set an overweight rating for the company in a research note on Thursday, January 25th. Finally, Robert W. Baird boosted their price target on BorgWarner from $36.00 to $40.00 and gave the stock a neutral rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $43.76.

BorgWarner Trading Up 1.4 %

NYSE BWA opened at $36.94 on Friday. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.08 and a beta of 1.30. BorgWarner has a 52 week low of $29.51 and a 52 week high of $50.04. The stock’s 50 day moving average price is $33.23 and its two-hundred day moving average price is $33.68. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that BorgWarner will post 3.94 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. BorgWarner’s dividend payout ratio is presently 16.67%.

Insider Activity

In related news, VP Volker Weng sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now owns 111,964 shares in the company, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of BorgWarner during the 3rd quarter worth $28,000. EdgeRock Capital LLC acquired a new stake in shares of BorgWarner in the 4th quarter valued at approximately $30,000. Riverview Trust Co bought a new stake in shares of BorgWarner during the 1st quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new position in BorgWarner during the 4th quarter worth approximately $32,000. Finally, Bruce G. Allen Investments LLC bought a new position in BorgWarner in the 4th quarter valued at approximately $33,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.