BorgWarner (BWA) Upgraded by ValuEngine to “Sell”

ValuEngine upgraded shares of BorgWarner (NYSE:BWA) from a strong sell rating to a sell rating in a research note released on Thursday.

A number of other equities research analysts have also recently issued reports on the stock. Barclays set a $36.00 price objective on shares of BorgWarner and gave the stock a hold rating in a report on Friday, January 4th. Zacks Investment Research upgraded shares of BorgWarner from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Thursday, January 3rd. Jefferies Financial Group set a $50.00 price objective on shares of BorgWarner and gave the stock a buy rating in a report on Thursday, December 20th. TheStreet cut shares of BorgWarner from a b- rating to a c+ rating in a report on Tuesday, December 18th. Finally, Deutsche Bank began coverage on shares of BorgWarner in a report on Thursday, December 13th. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. BorgWarner currently has an average rating of Buy and a consensus price target of $51.00.

NYSE BWA opened at $39.20 on Thursday. BorgWarner has a 1-year low of $32.46 and a 1-year high of $58.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.66. The firm has a market capitalization of $8.06 billion, a PE ratio of 10.08, a P/E/G ratio of 1.03 and a beta of 1.70.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. BorgWarner had a net margin of 5.26% and a return on equity of 22.68%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.45 billion. On average, sell-side analysts predict that BorgWarner will post 4.37 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, November 30th. BorgWarner’s payout ratio is presently 17.48%.

In related news, VP Joel Wiegert sold 4,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $39.57, for a total value of $158,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deborah D. Mcwhinney bought 1,421 shares of BorgWarner stock in a transaction that occurred on Wednesday, December 19th. The stock was bought at an average price of $35.14 per share, with a total value of $49,933.94. The disclosure for this purchase can be found here. In the last quarter, insiders sold 38,475 shares of company stock valued at $1,526,992. 0.74% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWA. First Hawaiian Bank raised its position in BorgWarner by 148.9% in the fourth quarter. First Hawaiian Bank now owns 18,139 shares of the auto parts company’s stock worth $630,000 after purchasing an additional 10,851 shares in the last quarter. Cerebellum GP LLC raised its position in BorgWarner by 72.8% in the fourth quarter. Cerebellum GP LLC now owns 7,305 shares of the auto parts company’s stock worth $254,000 after purchasing an additional 3,078 shares in the last quarter. CHICAGO TRUST Co NA raised its position in BorgWarner by 3.0% in the fourth quarter. CHICAGO TRUST Co NA now owns 30,420 shares of the auto parts company’s stock worth $1,057,000 after purchasing an additional 897 shares in the last quarter. North Star Investment Management Corp. acquired a new position in BorgWarner in the fourth quarter worth about $799,000. Finally, Fulton Bank N.A. raised its position in BorgWarner by 18.9% in the fourth quarter. Fulton Bank N.A. now owns 6,985 shares of the auto parts company’s stock worth $243,000 after purchasing an additional 1,109 shares in the last quarter. Institutional investors and hedge funds own 90.44% of the company’s stock.

About BorgWarner

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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