Barclays Lowers BorgWarner (NYSE:BWA) Price Target to $42.00

BorgWarner (NYSE:BWA - Free Report) had its price target cut by Barclays from $43.00 to $42.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the auto parts company's stock.

A number of other research analysts have also issued reports on BWA. The Goldman Sachs Group dropped their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a 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 report on Monday. Guggenheim reaffirmed a "buy" rating and set a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $40.20.

BorgWarner Stock Performance

Shares of NYSE:BWA traded up $0.85 during trading on Tuesday, reaching $30.25. The company had a trading volume of 1,845,758 shares, compared to its average volume of 2,569,899. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The stock's fifty day moving average price is $32.02 and its 200 day moving average price is $33.19. BorgWarner has a fifty-two week low of $28.65 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) 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%. As a group, equities research analysts predict that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.45%. BorgWarner's dividend payout ratio is currently 30.77%.

Insider Activity

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On BorgWarner

Large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company's stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the period. Norges Bank acquired a new stake in BorgWarner during the 4th quarter valued at approximately $62,180,000. Fuller & Thaler Asset Management Inc. grew its stake in BorgWarner by 8,137.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company's stock valued at $41,297,000 after purchasing an additional 1,283,287 shares in the last quarter. LSV Asset Management grew its stake in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after purchasing an additional 792,100 shares in the last quarter. Finally, Swedbank AB lifted its holdings in BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock worth $51,454,000 after buying an additional 774,438 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.