BorgWarner (NYSE:BWA) Given New $34.00 Price Target at The Goldman Sachs Group

BorgWarner (NYSE:BWAFree Report) had its target price trimmed by The Goldman Sachs Group from $38.00 to $34.00 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 research firms have also recently commented on BWA. Morgan Stanley cut their price target on BorgWarner from $47.00 to $45.00 and set an overweight rating for the company in a report on Tuesday, November 14th. Barclays cut their target price on BorgWarner from $45.00 to $43.00 and set an overweight rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. cut their target price on BorgWarner from $59.00 to $52.00 and set an overweight rating for the company in a research note on Thursday, January 25th. Robert W. Baird cut BorgWarner from an outperform rating to a neutral rating and cut their target price for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Finally, Guggenheim raised BorgWarner from a neutral rating to a buy rating and set a $41.00 target price for the company in a research note on Thursday, November 16th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $44.98.

Read Our Latest Analysis on BorgWarner

BorgWarner Stock Performance

Shares of BWA stock opened at $32.32 on Friday. The company has a market capitalization of $7.43 billion, a P/E ratio of 12.10, a P/E/G ratio of 0.95 and a beta of 1.32. The business’s 50 day moving average is $34.07 and its two-hundred day moving average is $37.00. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BorgWarner has a 12-month low of $30.83 and a 12-month high of $51.14.

BorgWarner (NYSE:BWAGet Free Report) last released its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. Analysts expect that BorgWarner will post 3.83 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, February 29th. BorgWarner’s dividend payout ratio is 16.48%.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in BorgWarner by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock worth $1,016,505,000 after acquiring an additional 570,039 shares during the period. State Street Corp increased its holdings in shares of BorgWarner by 3.5% during the 2nd quarter. State Street Corp now owns 10,449,304 shares of the auto parts company’s stock worth $511,075,000 after purchasing an additional 357,259 shares during the period. Victory Capital Management Inc. increased its holdings in shares of BorgWarner by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after purchasing an additional 948,659 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of BorgWarner by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,142,969 shares of the auto parts company’s stock worth $349,358,000 after purchasing an additional 51,385 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of BorgWarner by 3.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after purchasing an additional 166,007 shares during the period. Institutional investors own 92.35% of the company’s stock.

About BorgWarner

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BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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