BorgWarner Inc. (NYSE:BWA) – Equities researchers at Jefferies Financial Group issued their FY2018 earnings estimates for shares of BorgWarner in a research note issued to investors on Monday, December 3rd, Zacks Investment Research reports. Jefferies Financial Group analyst D. Kelley anticipates that the auto parts company will post earnings of $4.35 per share for the year. Jefferies Financial Group currently has a “Buy” rating and a $50.00 price objective on the stock. Jefferies Financial Group also issued estimates for BorgWarner’s Q4 2018 earnings at $1.07 EPS, FY2019 earnings at $4.61 EPS and FY2020 earnings at $4.96 EPS.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 25th. The auto parts company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. BorgWarner had a return on equity of 22.68% and a net margin of 5.26%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.45 billion.
A number of other research analysts have also commented on the company. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a report on Tuesday. Buckingham Research lowered their price target on BorgWarner from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. KeyCorp started coverage on BorgWarner in a report on Monday, December 10th. They set a “sector weight” rating on the stock. Morgan Stanley lowered their price target on BorgWarner from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Finally, Oppenheimer reissued a “buy” rating and set a $51.00 price target on shares of BorgWarner in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $53.93.
NYSE BWA traded down $0.19 during trading hours on Thursday, hitting $33.77. The company had a trading volume of 4,089,979 shares, compared to its average volume of 1,778,003. BorgWarner has a fifty-two week low of $33.29 and a fifty-two week high of $58.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.66 and a quick ratio of 1.28. The firm has a market capitalization of $7.07 billion, a PE ratio of 8.68, a P/E/G ratio of 1.08 and a beta of 1.80.
The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, November 30th. BorgWarner’s payout ratio is currently 17.48%.
In related news, Director Alexis P. Michas sold 10,003 shares of BorgWarner stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $39.99, for a total transaction of $400,019.97. Following the transaction, the director now directly owns 78,223 shares of the company’s stock, valued at $3,128,137.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Deborah D. Mcwhinney bought 1,421 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were purchased at an average cost of $35.14 per share, for a total transaction of $49,933.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 38,475 shares of company stock worth $1,526,992. 0.74% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of BorgWarner in the 3rd quarter valued at $146,000. National Pension Service boosted its position in shares of BorgWarner by 75.2% in the 3rd quarter. National Pension Service now owns 4,980 shares of the auto parts company’s stock valued at $213,000 after purchasing an additional 2,138 shares during the period. Boston Private Wealth LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at $231,000. BB&T Securities LLC boosted its position in shares of BorgWarner by 33.2% in the 2nd quarter. BB&T Securities LLC now owns 5,681 shares of the auto parts company’s stock valued at $245,000 after purchasing an additional 1,415 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in shares of BorgWarner in the 3rd quarter valued at $255,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
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.