BorgWarner (NYSE:BWA) Given New $41.00 Price Target at Citigroup

BorgWarner (NYSE:BWA) had its price objective upped by Citigroup from $33.00 to $41.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

A number of other research analysts have also recently weighed in on BWA. Robert W. Baird raised their price target on BorgWarner from $36.00 to $40.00 and gave the company a neutral rating in a research report on Friday. Oppenheimer lifted their target price on shares of BorgWarner from $39.00 to $40.00 and gave the stock an outperform rating in a research report on Friday. Barclays raised their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an overweight rating in a research note on Monday. TD Cowen increased their target price on BorgWarner from $36.00 to $40.00 and gave the company a buy rating in a report on Friday. Finally, TheStreet cut BorgWarner from a b- rating to a c+ rating in a report on Thursday, February 8th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $43.76.

BorgWarner Stock Performance

Shares of BWA opened at $36.94 on Monday. BorgWarner has a 1 year low of $29.51 and a 1 year high of $50.04. The stock has a market capitalization of $8.42 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54. The company’s fifty day moving average is $33.23 and its two-hundred day moving average is $33.68.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that BorgWarner will post 3.94 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total value of $93,870.00. Following the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the transaction, the vice president now owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 in the last ninety days. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BWA. Cambridge Investment Research Advisors Inc. lifted its holdings in BorgWarner by 15.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,583 shares of the auto parts company’s stock valued at $710,000 after acquiring an additional 2,323 shares during the last quarter. Raymond James & Associates raised its holdings in shares of BorgWarner by 4.7% during the 3rd quarter. Raymond James & Associates now owns 459,318 shares of the auto parts company’s stock valued at $18,543,000 after purchasing an additional 20,536 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of BorgWarner by 2.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 64,887 shares of the auto parts company’s stock worth $2,619,000 after buying an additional 1,339 shares during the last quarter. Bank of New York Mellon Corp boosted its position in BorgWarner by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 2,166,308 shares of the auto parts company’s stock worth $87,454,000 after purchasing an additional 76,659 shares during the period. Finally, AMF Tjanstepension AB grew its stake in BorgWarner by 1.7% in the 3rd quarter. AMF Tjanstepension AB now owns 100,930 shares of the auto parts company’s stock valued at $4,075,000 after buying an additional 1,730 shares during the last quarter. Institutional investors 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.