BorgWarner (NYSE:BWA) Given New $50.00 Price Target at JPMorgan Chase & Co.

BorgWarner (NYSE:BWA - Free Report) had its price target decreased by JPMorgan Chase & Co. from $51.00 to $50.00 in a research note issued to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company's stock.

A number of other equities analysts have also commented on the stock. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. The Goldman Sachs Group lowered their price target on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. Bank of America lowered their price target on shares of BorgWarner from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. Citigroup decreased their target price on shares of BorgWarner from $41.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, July 12th. Finally, StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.25.

BorgWarner Stock Performance

Shares of NYSE BWA traded down $0.87 during mid-day trading on Monday, reaching $34.33. 646,973 shares of the company were exchanged, compared to its average volume of 2,733,686. The company's 50-day simple moving average is $33.79 and its 200-day simple moving average is $33.89. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $7.82 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.81 and a beta of 1.20. BorgWarner has a twelve month low of $29.51 and a twelve month high of $39.10.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter last year, the company posted $1.35 EPS. BorgWarner's quarterly revenue was down 20.3% compared to the same quarter last year. As a group, research analysts predict that BorgWarner will post 4.1 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.28%. BorgWarner's dividend payout ratio is presently 16.67%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BWA. Matrix Trust Co bought a new stake in shares of BorgWarner in the 3rd quarter valued at $25,000. Riverview Trust Co bought a new stake in shares of BorgWarner in the 1st quarter valued at $30,000. LRI Investments LLC increased its stake in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of BorgWarner in the 2nd quarter valued at $32,000. Finally, Olistico Wealth LLC bought a new stake in shares of BorgWarner in the 2nd quarter valued at $35,000. Institutional investors and hedge funds 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.