BorgWarner (NYSE:BWA) Downgraded to "Hold" Rating by TD Cowen

TD Cowen lowered shares of BorgWarner (NYSE:BWA - Free Report) from a buy rating to a hold rating in a research note published on Friday, MarketBeat reports. The brokerage currently has $31.00 price target on the auto parts company's stock.

A number of other research firms also recently issued reports on BWA. The Goldman Sachs Group lowered their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Evercore ISI dropped their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Guggenheim reissued a "buy" rating and issued a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Morgan Stanley lowered their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.73.

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BorgWarner Stock Down 1.9 %

NYSE BWA traded down $0.57 during trading on Friday, hitting $29.29. The stock had a trading volume of 3,413,992 shares, compared to its average volume of 2,479,929. BorgWarner has a 12 month low of $27.90 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company's 50-day moving average price is $30.93 and its two-hundred day moving average price is $32.87. The company has a market capitalization of $6.40 billion, a PE ratio of 20.48, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, sell-side analysts forecast that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. BorgWarner's payout ratio is presently 30.77%.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. LRI Investments LLC increased its position in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after buying an additional 909 shares during the period. Brooklyn Investment Group acquired a new stake in BorgWarner in the 3rd quarter valued at $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner during the third quarter worth about $38,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner in the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC raised its position in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after buying an additional 342 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

BorgWarner Company Profile

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.