BorgWarner Inc. (NYSE:BWA) has been given a consensus rating of “Hold” by the twenty ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $51.47.
Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BMO Capital Markets upped their price target on BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. Barclays reiterated a “hold” rating and set a $58.00 price target on shares of BorgWarner in a research report on Sunday, January 21st. ValuEngine upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $61.00 price target on shares of BorgWarner in a research report on Wednesday, December 20th.
BorgWarner (NYSE:BWA) traded down $0.45 during midday trading on Wednesday, reaching $52.22. 1,363,379 shares of the company’s stock traded hands, compared to its average volume of 1,608,956. The stock has a market capitalization of $11,089.67, a P/E ratio of 25.23, a PEG ratio of 1.43 and a beta of 1.82. BorgWarner has a 1-year low of $37.54 and a 1-year high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is 32.85%.
In related news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now directly owns 63,937 shares in the company, valued at $3,363,086.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares in the company, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after purchasing an additional 1,823,272 shares during the last quarter. Boston Partners increased its position in shares of BorgWarner by 7.2% in the third quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock worth $593,672,000 after purchasing an additional 777,782 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of BorgWarner by 5.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,112,902 shares of the auto parts company’s stock worth $210,128,000 after purchasing an additional 208,103 shares during the last quarter. LSV Asset Management increased its position in shares of BorgWarner by 11.4% in the fourth quarter. LSV Asset Management now owns 3,794,087 shares of the auto parts company’s stock worth $193,839,000 after purchasing an additional 387,390 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its position in shares of BorgWarner by 87.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after purchasing an additional 1,519,785 shares during the last quarter. Institutional investors own 96.25% of the company’s stock.
BorgWarner Company Profile
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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