BorgWarner (NYSE:BWA) Rating Lowered to "Hold" at StockNews.com

StockNews.com cut shares of BorgWarner (NYSE:BWA - Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

A number of other research firms have also commented on BWA. Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, March 7th. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

BorgWarner Stock Down 1.3 %

BWA traded down $0.34 during mid-day trading on Friday, reaching $26.10. 2,079,404 shares of the stock were exchanged, compared to its average volume of 2,799,578. 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 stock has a market capitalization of $5.73 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. BorgWarner has a 1 year low of $24.40 and a 1 year high of $38.23. The company has a 50 day moving average price of $28.66 and a two-hundred day moving average price of $31.79.

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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 the consensus estimate 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, research analysts anticipate that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is 30.77%.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by insiders.

Institutional Trading of BorgWarner

Institutional investors have recently bought and sold shares of the business. LRI Investments LLC increased its stake in BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after buying an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in BorgWarner in the 4th quarter valued at $45,000. Avior Wealth Management LLC lifted its holdings 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 purchasing an additional 342 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner during the 4th quarter worth $48,000. Finally, UMB Bank n.a. raised its position in shares of BorgWarner by 97.2% in the first quarter. UMB Bank n.a. now owns 1,757 shares of the auto parts company's stock valued at $50,000 after buying an additional 866 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.