Robert W. Baird Boosts BorgWarner (NYSE:BWA) Price Target to $40.00

BorgWarner (NYSE:BWA) had its target price increased by Robert W. Baird from $36.00 to $40.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

Several other equities research analysts have also issued reports on BWA. Piper Sandler began coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an overweight rating and a $43.00 target price on the stock. Wells Fargo & Company lowered their price target on BorgWarner from $47.00 to $43.00 and set an overweight rating on the stock in a research report on Friday, February 9th. The Goldman Sachs Group cut their price objective on BorgWarner from $38.00 to $34.00 and set a neutral rating for the company in a research report on Friday, February 9th. StockNews.com lowered BorgWarner from a buy rating to a hold rating in a research report on Friday, February 9th. Finally, TheStreet lowered shares of BorgWarner from a b- rating to a c+ rating in a report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $43.93.

BorgWarner Stock Up 2.3 %

Shares of BWA stock opened at $36.44 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. BorgWarner has a twelve month low of $29.51 and a twelve month high of $50.04. The stock has a 50 day moving average of $33.10 and a 200 day moving average of $33.69. The stock has a market cap of $8.37 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that BorgWarner will post 3.94 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BorgWarner

Several large investors have recently modified their holdings of BWA. Headlands Technologies LLC purchased a new stake in BorgWarner in the 3rd quarter valued at about $28,000. EdgeRock Capital LLC purchased a new stake in BorgWarner during the 4th quarter worth approximately $30,000. Riverview Trust Co acquired a new stake in shares of BorgWarner in the first quarter valued at $30,000. Sound Income Strategies LLC acquired a new position in BorgWarner during the 4th quarter worth $32,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in BorgWarner during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.