BorgWarner (NYSE:BWA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other brokerages also recently weighed in on BWA. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Friday, March 7th. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Morgan Stanley reduced their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Piper Sandler decreased their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Eight investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.56.

BorgWarner Stock Performance

NYSE BWA opened at $26.42 on Friday. The business has a 50 day simple moving average of $28.66 and a two-hundred day simple moving average of $31.79. BorgWarner has a 1-year low of $24.40 and a 1-year high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market capitalization of $5.80 billion, a PE ratio of 18.48, a P/E/G ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. On average, research analysts predict that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

Several large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in BorgWarner by 10.1% in the third quarter. Stifel Financial Corp now owns 36,365 shares of the auto parts company’s stock valued at $1,320,000 after acquiring an additional 3,337 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares during the period. National Bank of Canada FI grew its holdings in BorgWarner by 48.0% during the 3rd quarter. National Bank of Canada FI now owns 91,653 shares of the auto parts company’s stock worth $3,326,000 after acquiring an additional 29,746 shares in the last quarter. MML Investors Services LLC grew its stake in shares of BorgWarner by 7.1% during the third quarter. MML Investors Services LLC now owns 21,816 shares of the auto parts company’s stock worth $792,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of BorgWarner by 11.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,784 shares of the auto parts company’s stock worth $246,000 after acquiring an additional 671 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.