BorgWarner (NYSE:BWA) Cut to “Neutral” at Piper Sandler

Piper Sandler cut shares of BorgWarner (NYSE:BWA) from an overweight rating to a neutral rating in a research note released on Thursday, Marketbeat.com reports. Piper Sandler currently has $51.00 price objective on the auto parts company’s stock, down from their prior price objective of $52.00.

A number of other analysts also recently issued reports on the company. Bank of America downgraded BorgWarner from a “buy” rating to a “neutral” rating and raised their target price for the stock from $41.00 to $46.00 in a research report on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wells Fargo & Company cut their target price on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Finally, UBS Group boosted their price target on shares of BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

BorgWarner Trading Down 0.3%

Shares of BorgWarner stock opened at $47.65 on Thursday. The firm has a market cap of $10.19 billion, a PE ratio of 75.64, a P/E/G ratio of 0.93 and a beta of 1.06. BorgWarner has a 1 year low of $24.40 and a 1 year high of $48.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The stock has a fifty day moving average price of $44.60 and a 200-day moving average price of $41.89.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Equities research analysts anticipate that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.17 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.4%. BorgWarner’s payout ratio is 107.94%.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president owned 204,040 shares of the company’s stock, valued at $9,385,840. The trade was a 2.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the transaction, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,200 shares of company stock worth $1,054,336 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blackston Financial Advisory Group LLC lifted its holdings in shares of BorgWarner by 3.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after purchasing an additional 265 shares during the period. Fifth Third Wealth Advisors LLC raised its position in BorgWarner by 4.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,832 shares of the auto parts company’s stock worth $300,000 after buying an additional 272 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of BorgWarner by 3.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 10,937 shares of the auto parts company’s stock worth $481,000 after acquiring an additional 356 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of BorgWarner by 18.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,321 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 360 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of BorgWarner by 32.7% during the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 362 shares during the period. Institutional investors own 95.67% of the company’s stock.

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.