BorgWarner (NYSE:BWA) Upgraded at BNP Paribas

BNP Paribas upgraded shares of BorgWarner (NYSE:BWA) from a neutral rating to an outperform rating in a report released on Tuesday, MarketBeat Ratings reports. BNP Paribas currently has $36.00 price target on the auto parts company’s stock.

Several other research firms also recently weighed in on BWA. The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Morgan Stanley decreased their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Stock Down 0.2 %

Shares of BWA opened at $28.97 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner has a 12 month low of $27.65 and a 12 month high of $38.23. The stock’s 50 day moving average is $30.40 and its two-hundred day moving average is $32.58. The firm has a market cap of $6.33 billion, a P/E ratio of 20.26, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Analysts predict that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Activity

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 in the last quarter. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of BorgWarner by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company’s stock valued at $9,502,000 after acquiring an additional 7,559 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of BorgWarner by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 31,999 shares of the auto parts company’s stock worth $1,161,000 after buying an additional 2,451 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of BorgWarner by 16.2% during the 3rd quarter. Natixis Advisors LLC now owns 754,995 shares of the auto parts company’s stock worth $27,398,000 after buying an additional 105,247 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in BorgWarner by 786.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company’s stock valued at $3,095,000 after purchasing an additional 75,671 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in BorgWarner by 336.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,516 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,940 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.