Evercore ISI Has Lowered Expectations for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA - Free Report) had its price objective trimmed by Evercore ISI from $43.00 to $40.00 in a research note published on Monday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the auto parts company's stock.

Several other brokerages also recently issued reports on BWA. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.20.

BorgWarner Stock Performance

BorgWarner stock traded up $0.56 on Monday, reaching $29.45. 1,179,233 shares of the stock were exchanged, compared to its average volume of 2,563,005. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a twelve month low of $28.65 and a twelve month high of $38.22. The firm has a fifty day moving average price of $32.11 and a two-hundred day moving average price of $33.22. The stock has a market cap of $6.44 billion, a PE ratio of 20.62, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Sell-side analysts anticipate that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid 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 1.49%. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now directly owns 206,969 shares of the company's stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BorgWarner

Institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in BorgWarner during the 3rd quarter worth $38,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner in the 4th quarter valued at $45,000. Avior Wealth Management LLC increased its stake in shares of 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 buying an additional 342 shares during the period. Finally, Trust Co. of Vermont raised its position in shares of BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock worth $50,000 after acquiring an additional 645 shares during the last quarter. 95.67% of the stock is owned by 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.