BorgWarner Inc. (NYSE:BWA) – Stock analysts at KeyCorp increased their Q1 2021 earnings per share estimates for BorgWarner in a research report issued on Tuesday, April 20th. KeyCorp analyst J. Picariello now anticipates that the auto parts company will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.95. KeyCorp has a “Overweight” rating and a $60.00 price target on the stock.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, February 10th. The auto parts company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.30. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 4.11% and a return on equity of 11.48%.
Shares of BorgWarner stock opened at $49.54 on Friday. The company’s 50-day moving average price is $47.64 and its 200-day moving average price is $41.87. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.03 and a beta of 1.76. BorgWarner has a 12-month low of $25.17 and a 12-month high of $50.60. The company has a current ratio of 2.35, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. BorgWarner’s dividend payout ratio (DPR) is presently 16.46%.
In other news, VP Volker Weng sold 2,973 shares of the firm’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $46.91, for a total transaction of $139,463.43. 0.51% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Davis R M Inc. lifted its stake in shares of BorgWarner by 1.3% in the 3rd quarter. Davis R M Inc. now owns 458,140 shares of the auto parts company’s stock worth $17,748,000 after purchasing an additional 5,798 shares during the period. Aperio Group LLC raised its holdings in BorgWarner by 3.9% in the 4th quarter. Aperio Group LLC now owns 255,714 shares of the auto parts company’s stock worth $9,881,000 after purchasing an additional 9,633 shares during the period. Perpetual Investment Management Limited bought a new stake in BorgWarner during the fourth quarter valued at about $6,579,000. Illinois Municipal Retirement Fund lifted its position in shares of BorgWarner by 269.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 115,192 shares of the auto parts company’s stock valued at $4,451,000 after buying an additional 84,006 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of BorgWarner by 9.4% during the 4th quarter. First Trust Advisors LP now owns 1,206,787 shares of the auto parts company’s stock valued at $46,630,000 after acquiring an additional 103,244 shares during the period. 86.28% of the stock is currently owned by institutional investors.
BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.
Further Reading: What is the S&P 500 Index?
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.