BorgWarner (NYSE:BWA) Downgraded to Hold Rating by TD Cowen

TD Cowen downgraded shares of BorgWarner (NYSE:BWA) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat Ratings reports. TD Cowen currently has $31.00 price objective on the auto parts company’s stock.

Several other equities analysts also recently weighed in on BWA. Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Evercore ISI dropped their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.93.

BorgWarner Stock Performance

Shares of BWA opened at $29.85 on Friday. The company has a 50-day simple moving average of $30.97 and a 200-day simple moving average of $32.90. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.53 billion, a PE ratio of 20.87, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner has a 52-week low of $27.90 and a 52-week high of $38.22.

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

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on 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 of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of BorgWarner during the fourth quarter valued at approximately $9,286,000. American Trust raised its stake in shares of BorgWarner by 11.7% during the fourth quarter. American Trust now owns 11,897 shares of the auto parts company’s stock valued at $378,000 after purchasing an additional 1,243 shares during the period. Forum Financial Management LP raised its stake in shares of BorgWarner by 26.4% during the fourth quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company’s stock valued at $259,000 after purchasing an additional 1,702 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of BorgWarner during the fourth quarter valued at approximately $3,722,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of BorgWarner during the fourth quarter valued at approximately $188,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.