BorgWarner (NYSE:BWA) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of BorgWarner (NYSE:BWA - Free Report) from a buy rating to a hold rating in a research report report published on Friday.

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Barclays reduced their price objective on BorgWarner from $47.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and an average price target of $40.20.

BorgWarner Stock Performance

BWA stock traded up $0.15 during midday trading on Friday, reaching $29.49. The stock had a trading volume of 1,326,363 shares, compared to its average volume of 2,560,971. The stock has a market cap of $6.45 billion, a PE ratio of 20.62, a P/E/G ratio of 0.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The firm has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $33.27. BorgWarner has a 52-week low of $29.23 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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 anticipate that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 21,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the sale, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in BorgWarner in the third quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in BorgWarner during the third quarter worth $38,000. Trust Co. of Vermont lifted its stake in 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 purchasing an additional 645 shares in the last quarter. Avior Wealth Management LLC lifted its stake in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the third quarter worth $62,000. 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.