BorgWarner (NYSE:BWA) Hits New 1-Year Low - Should You Sell?

BorgWarner Inc. (NYSE:BWA - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $24.50 and last traded at $24.79, with a volume of 2749870 shares traded. The stock had previously closed at $25.79.

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. Piper Sandler reduced their price target on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Evercore ISI reduced their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Morgan Stanley reduced their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Saturday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.56.

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BorgWarner Price Performance

The firm has a 50-day moving average of $28.75 and a 200 day moving average of $31.86. The company has a market capitalization of $5.81 billion, a PE ratio of 18.50, a PEG ratio of 0.77 and a beta of 1.12. 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 (NYSE:BWA - Get Free Report) last announced its quarterly earnings results 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, research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is currently 30.77%.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BWA. LRI Investments LLC lifted its holdings in 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 in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner during the fourth quarter worth about $45,000. Avior Wealth Management LLC grew its holdings in BorgWarner by 31.3% during 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 in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of BorgWarner in the fourth quarter worth $48,000. Finally, Versant Capital Management Inc boosted its position in shares of BorgWarner by 448.5% during the first quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company's stock worth $52,000 after acquiring an additional 1,480 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.