Jefferies Financial Group started coverage on shares of BorgWarner (NYSE:BWA) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $48.00 price target on the auto parts company’s stock. Jefferies Financial Group also issued estimates for BorgWarner’s Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $4.35 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.18 EPS, FY2019 earnings at $4.61 EPS and FY2020 earnings at $4.96 EPS.
Several other research analysts also recently commented on BWA. Buckingham Research cut their price objective on shares of BorgWarner from $55.00 to $48.00 and set a neutral rating for the company in a report on Wednesday, October 3rd. Oppenheimer reaffirmed a buy rating and issued a $51.00 price objective on shares of BorgWarner in a report on Thursday, October 25th. Morgan Stanley cut their price objective on shares of BorgWarner from $61.00 to $55.00 and set a buy rating for the company in a report on Wednesday, November 14th. ValuEngine downgraded shares of BorgWarner from a sell rating to a strong sell rating in a report on Saturday, September 1st. Finally, BMO Capital Markets set a $60.00 price objective on shares of BorgWarner and gave the stock a buy rating in a report on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. BorgWarner currently has a consensus rating of Buy and a consensus price target of $53.79.
BWA opened at $35.74 on Tuesday. The company has a market capitalization of $7.76 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.80. BorgWarner has a 12 month low of $35.56 and a 12 month high of $58.22. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 0.50.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.45 billion. BorgWarner had a net margin of 5.26% and a return on equity of 22.68%. On average, equities analysts expect that BorgWarner will post 4.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, November 30th. BorgWarner’s payout ratio is 17.48%.
In other BorgWarner news, insider Brady D. Ericson sold 16,780 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $39.70, for a total value of $666,166.00. Following the completion of the transaction, the insider now directly owns 18,089 shares of the company’s stock, valued at approximately $718,133.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas T. Stallkamp sold 7,692 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $39.33, for a total transaction of $302,526.36. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $117,990. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,475 shares of company stock valued at $1,526,992. Insiders own 0.74% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its holdings in BorgWarner by 0.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 214,649 shares of the auto parts company’s stock valued at $9,263,000 after purchasing an additional 1,201 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of BorgWarner by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 323,031 shares of the auto parts company’s stock worth $13,942,000 after acquiring an additional 1,218 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of BorgWarner by 5.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 29,042 shares of the auto parts company’s stock worth $1,242,000 after acquiring an additional 1,384 shares during the last quarter. Securian Asset Management Inc lifted its holdings in shares of BorgWarner by 7.1% during the 3rd quarter. Securian Asset Management Inc now owns 21,316 shares of the auto parts company’s stock worth $912,000 after acquiring an additional 1,407 shares during the last quarter. Finally, BB&T Securities LLC lifted its holdings in shares of BorgWarner by 33.2% during the 2nd quarter. BB&T Securities LLC now owns 5,681 shares of the auto parts company’s stock worth $245,000 after acquiring an additional 1,415 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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