BorgWarner (NYSE:BWA) Rating Increased to Outperform at BNP Paribas

BNP Paribas upgraded shares of BorgWarner (NYSE:BWA - Free Report) from a neutral rating to an outperform rating in a report released on Tuesday, Marketbeat reports. The firm currently has $36.00 price objective on the auto parts company's stock.

Other equities research analysts have also recently issued research reports about the company. Barclays reduced their price objective on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley cut their price target 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. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, March 7th. Finally, 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. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.06.

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BorgWarner Trading Down 0.9 %

Shares of NYSE BWA traded down $0.27 during trading on Tuesday, reaching $28.68. The company had a trading volume of 55,738,370 shares, compared to its average volume of 2,645,178. BorgWarner has a 12 month low of $27.65 and a 12 month high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.30 billion, a P/E ratio of 20.06, a PEG ratio of 0.77 and a beta of 1.21. The company's fifty day moving average price is $30.36 and its 200-day moving average price is $32.54.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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, research analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's payout ratio is currently 30.77%.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction 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 completion of the transaction, 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 worth $1,347,701. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new position in BorgWarner during the 3rd quarter valued at about $32,000. LRI Investments LLC raised its holdings 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 valued at $31,000 after purchasing an additional 909 shares during the last quarter. True Wealth Design LLC purchased a new stake in BorgWarner during the third quarter valued at $38,000. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner in the 4th quarter worth approximately $45,000. Finally, Avior Wealth Management LLC boosted its stake in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Hedge funds and other 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.