BorgWarner Inc. (NYSE:BWA) Given a $46.00 Price Target at Barclays PLC
Other equities analysts have also issued reports about the company. Jefferies Group LLC restated a buy rating and set a $50.00 price target on shares of BorgWarner in a research note on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a hold rating and set a $44.00 price objective on shares of BorgWarner in a report on Wednesday, July 12th. BidaskClub downgraded BorgWarner from a strong-buy rating to a buy rating in a report on Monday, July 24th. Guggenheim initiated coverage on BorgWarner in a report on Wednesday, June 21st. They set a neutral rating and a $45.00 price objective on the stock. Finally, Zacks Investment Research downgraded BorgWarner from a hold rating to a sell rating in a report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $42.60.
Shares of BorgWarner (NYSE BWA) traded down 0.36% on Friday, reaching $46.51. The company had a trading volume of 1,508,055 shares. The firm has a market capitalization of $9.82 billion, a PE ratio of 51.85 and a beta of 1.73. The company has a 50-day moving average price of $43.99 and a 200-day moving average price of $41.98. BorgWarner has a 52-week low of $32.72 and a 52-week high of $48.03.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that BorgWarner will post $3.70 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 30th. BorgWarner’s payout ratio is currently 62.92%.
In other news, Director Dennis C. Cuneo sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total value of $44,060.00. Following the transaction, the director now directly owns 13,398 shares of the company’s stock, valued at approximately $590,315.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in BorgWarner by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 282,229 shares of the auto parts company’s stock valued at $11,131,000 after buying an additional 18,579 shares in the last quarter. Kentucky Retirement Systems purchased a new position in BorgWarner during the fourth quarter valued at about $573,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in BorgWarner during the fourth quarter valued at about $256,000. Macquarie Group Ltd. increased its position in BorgWarner by 56.4% in the fourth quarter. Macquarie Group Ltd. now owns 433,720 shares of the auto parts company’s stock valued at $17,106,000 after buying an additional 156,413 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in BorgWarner by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 172,351 shares of the auto parts company’s stock valued at $7,203,000 after buying an additional 4,053 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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