BorgWarner (NYSE:BWA) had its price objective cut by UBS Group from $49.00 to $46.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the auto parts company’s stock.

BWA has been the topic of a number of other reports. Cowen set a $47.00 target price on shares of BorgWarner and gave the company a buy rating in a report on Friday, July 19th. Citigroup reduced their target price on shares of BorgWarner from $45.00 to $42.00 and set a neutral rating on the stock in a report on Tuesday, July 30th. ValuEngine lowered shares of BorgWarner from a sell rating to a strong sell rating in a report on Saturday, August 10th. Nomura began coverage on shares of BorgWarner in a report on Tuesday, August 27th. They issued a buy rating and a $41.00 target price on the stock. Finally, Deutsche Bank lowered shares of BorgWarner from a buy rating to a hold rating and reduced their target price for the company from $50.00 to $44.00 in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $46.50.

NYSE:BWA traded up $1.03 on Thursday, reaching $40.27. The stock had a trading volume of 124,119 shares, compared to its average volume of 1,494,835. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.28 and a beta of 1.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31. The firm’s fifty day moving average is $34.44 and its two-hundred day moving average is $38.54. BorgWarner has a 12-month low of $30.71 and a 12-month high of $46.97.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. As a group, research analysts forecast that BorgWarner will post 3.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.69%. BorgWarner’s payout ratio is currently 15.18%.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of BorgWarner by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,246,568 shares of the auto parts company’s stock worth $933,911,000 after acquiring an additional 62,875 shares during the period. Diamond Hill Capital Management Inc. increased its position in BorgWarner by 0.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 9,987,152 shares of the auto parts company’s stock worth $419,261,000 after purchasing an additional 45,220 shares in the last quarter. JPMorgan Chase & Co. increased its position in BorgWarner by 2.8% during the 1st quarter. JPMorgan Chase & Co. now owns 7,208,112 shares of the auto parts company’s stock worth $276,862,000 after purchasing an additional 198,641 shares in the last quarter. Victory Capital Management Inc. increased its position in BorgWarner by 16.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock worth $251,212,000 after purchasing an additional 824,302 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in BorgWarner by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 3,190,378 shares of the auto parts company’s stock worth $110,671,000 after purchasing an additional 219,190 shares in the last quarter. Institutional investors and hedge funds own 91.49% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Analyst Recommendations for BorgWarner (NYSE:BWA)

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