BorgWarner (BWA) Shares Gap Up to $36.09

BorgWarner Inc. (NYSE:BWA) shares gapped up prior to trading on Thursday . The stock had previously closed at $35.24, but opened at $36.09. BorgWarner shares last traded at $36.78, with a volume of 2086255 shares.

BWA has been the topic of several recent analyst reports. TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. ValuEngine cut shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Friday, February 8th. Seaport Global Securities initiated coverage on shares of BorgWarner in a research note on Wednesday, February 13th. They issued a “neutral” rating on the stock. Robert W. Baird upgraded shares of BorgWarner to a “top pick” rating in a research note on Friday, February 15th. Finally, Morgan Stanley set a $49.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a research note on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.76.

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.27 and a current ratio of 1.62. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.47 billion. BorgWarner had a net margin of 8.39% and a return on equity of 21.64%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. As a group, analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, May 31st. BorgWarner’s dividend payout ratio (DPR) is currently 15.18%.

In other news, VP Joel Wiegert sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $38.74, for a total transaction of $232,440.00. Following the sale, the vice president now owns 27,420 shares in the company, valued at approximately $1,062,250.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas T. Stallkamp sold 3,124 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $42.00, for a total transaction of $131,208.00. Following the sale, the director now owns 4,033 shares in the company, valued at approximately $169,386. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in BorgWarner by 118.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 651 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 353 shares during the period. Proficio Capital Partners LLC raised its position in BorgWarner by 247.8% in the 4th quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 669 shares during the period. CSat Investment Advisory L.P. raised its position in BorgWarner by 93.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 482 shares during the period. Bremer Bank National Association purchased a new position in BorgWarner in the 1st quarter worth $44,000. Finally, Bremer Trust National Association purchased a new position in BorgWarner in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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About BorgWarner (NYSE:BWA)

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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