BorgWarner (NYSE:BWA) Upgraded at Evercore ISI

Evercore ISI upgraded shares of BorgWarner (NYSE:BWA) from an in-line rating to an outperform rating in a research note released on Monday, Marketbeat.com reports. The brokerage currently has $43.00 price objective on the auto parts company’s stock, up from their prior price objective of $39.00.

A number of other brokerages have also recently issued reports on BWA. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Barclays raised their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. UBS Group increased their target price on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company decreased their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.31.

BorgWarner Price Performance

BWA opened at $35.04 on Monday. BorgWarner has a one year low of $29.51 and a one year high of $39.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The company’s 50 day simple moving average is $33.67 and its 200-day simple moving average is $33.90. The stock has a market capitalization of $7.98 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned $1.35 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. Sell-side analysts anticipate that BorgWarner will post 4.1 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.26%. BorgWarner’s dividend payout ratio is currently 16.67%.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Matrix Trust Co bought a new stake in BorgWarner during the 3rd quarter worth about $25,000. Riverview Trust Co bought a new stake in BorgWarner during the 1st quarter worth about $30,000. LRI Investments LLC bought a new stake in BorgWarner during the 1st quarter worth about $35,000. Sentry Investment Management LLC acquired a new position in shares of BorgWarner during the 2nd quarter worth about $32,000. Finally, Olistico Wealth LLC acquired a new position in shares of BorgWarner during the 2nd quarter worth about $35,000. 95.67% of the stock is owned by 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.