Guggenheim Lowers BorgWarner (NYSE:BWA) Price Target to $33.00

BorgWarner (NYSE:BWA - Free Report) had its price target reduced by Guggenheim from $38.00 to $33.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the auto parts company's stock.

A number of other equities analysts have also commented on BWA. Robert W. Baird dropped their price target on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Barclays dropped their price objective on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company upped their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $31.00 target price (down previously from $38.00) on shares of BorgWarner in a research note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.19.

BorgWarner Trading Down 0.5 %

BWA traded down $0.16 during trading on Tuesday, hitting $28.28. The company's stock had a trading volume of 50,982 shares, compared to its average volume of 2,778,807. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner has a twelve month low of $24.40 and a twelve month high of $38.23. The firm's 50 day moving average price is $28.18 and its 200-day moving average price is $31.36. The stock has a market cap of $6.21 billion, a PE ratio of 19.78, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.56%. BorgWarner's dividend payout ratio (DPR) is 30.77%.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

Several institutional investors have recently bought and sold shares of BWA. Barclays PLC lifted its holdings in shares of BorgWarner by 14.7% during the third quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock worth $16,092,000 after buying an additional 56,988 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in BorgWarner by 8.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company's stock worth $258,000 after buying an additional 550 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner in the third quarter valued at approximately $62,000. Peapack Gladstone Financial Corp lifted its position in shares of BorgWarner by 2.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company's stock worth $3,896,000 after buying an additional 2,067 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of BorgWarner by 292.9% in the 3rd quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company's stock worth $8,986,000 after buying an additional 189,081 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

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.