1 week Ago By ABMN Staff
The Goldman Sachs Group upgraded shares of BorgWarner ( NYSE:BWA – Free Report ) from a neutral rating to a buy rating in a research note issued to investors on Thursday, Marketbeat.com reports. The Goldman Sachs Group currently has $34.
00 target price on the auto parts company’s stock, up from their previous target price of $31.00. Other analysts have also recently issued reports about the stock.
TD Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Friday, March 7th.
Guggenheim set a $38.00 target price on BorgWarner in a research report on Wednesday, March 5th. Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.
Morgan Stanley reduced their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd.
Finally, Evercore ISI lowered their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th.
Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $38.56.
Check Out Our Latest Analysis on BWA BorgWarner Stock Performance BorgWarner ( NYSE:BWA – Get Free Report ) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.
93 by $0.08. BorgWarner had a net margin of 2.
40% and a return on equity of 15.93%. Equities analysts anticipate that BorgWarner will post 4.
28 earnings per share for the current year. BorgWarner Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.
11 dividend. This represents a $0.44 annualized dividend and a yield of 1.
68%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.
77%. Insider Buying and Selling at BorgWarner In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.
90. The trade was a 38.03 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 10th.
The stock was sold at an average price of $30.07, for a total transaction of $249,581.00.
Following the completion of the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.
31 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last quarter.
0.45% of the stock is owned by corporate insiders. Institutional Investors Weigh In On BorgWarner Several institutional investors and hedge funds have recently bought and sold shares of the business.
Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter.
Janney Montgomery Scott LLC grew its stake in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after buying an additional 381 shares during the last quarter.
Wealth Enhancement Advisory Services LLC increased its position in BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after buying an additional 393 shares during the period.
Wellington Management Group LLP lifted its stake in BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares during the last quarter.
Finally, Norinchukin Bank The boosted its holdings in shares of BorgWarner by 4.4% during the fourth quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company’s stock valued at $302,000 after acquiring an additional 402 shares during the period.
Institutional investors and hedge funds own 95.67% of the company’s stock. BorgWarner Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter .
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