BorgWarner (BWA) Now Covered by Jefferies Financial Group

Jefferies Financial Group began coverage on shares of BorgWarner (NYSE:BWA) in a research note published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $48.00 target price on the auto parts company’s stock. Jefferies Financial Group also issued estimates for BorgWarner’s Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $4.35 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.18 EPS, FY2019 earnings at $4.61 EPS and FY2020 earnings at $4.96 EPS.

Several other equities analysts have also recently issued reports on BWA. ValuEngine cut BorgWarner from a sell rating to a strong sell rating in a research note on Saturday, September 1st. Royal Bank of Canada reduced their price objective on BorgWarner to $49.00 and set a positive rating on the stock in a research note on Wednesday, September 19th. BMO Capital Markets set a $60.00 price objective on BorgWarner and gave the stock a buy rating in a research note on Thursday, September 20th. Wolfe Research started coverage on BorgWarner in a research note on Tuesday, October 2nd. They set an outperform rating on the stock. Finally, Buckingham Research reduced their price objective on BorgWarner from $55.00 to $48.00 and set a neutral rating on the stock in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. BorgWarner currently has a consensus rating of Buy and an average target price of $53.79.

Shares of BWA opened at $37.28 on Tuesday. BorgWarner has a 12-month low of $35.71 and a 12-month high of $58.22. The firm has a market cap of $7.84 billion, a P/E ratio of 9.58, a PEG ratio of 1.20 and a beta of 1.80. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.00 earnings per share (EPS) 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 analysts’ expectations of $2.45 billion. As a group, analysts predict that BorgWarner will post 4.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 30th. BorgWarner’s payout ratio is 17.48%.

In other BorgWarner news, Director Thomas T. Stallkamp sold 7,692 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $39.33, for a total value of $302,526.36. Following the sale, the director now directly owns 3,000 shares in the company, valued at $117,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexis P. Michas sold 10,003 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $39.99, for a total value of $400,019.97. Following the completion of the sale, the director now owns 78,223 shares in the company, valued at $3,128,137.77. The disclosure for this sale can be found here. Insiders sold 38,475 shares of company stock worth $1,526,992 over the last quarter. 0.74% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Capital International Investors acquired a new position in shares of BorgWarner during the third quarter valued at $192,510,000. American Century Companies Inc. increased its holdings in shares of BorgWarner by 37,503.3% during the third quarter. American Century Companies Inc. now owns 3,489,587 shares of the auto parts company’s stock valued at $149,285,000 after purchasing an additional 3,480,307 shares during the period. BlackRock Inc. increased its holdings in shares of BorgWarner by 14.5% during the second quarter. BlackRock Inc. now owns 19,874,263 shares of the auto parts company’s stock valued at $857,773,000 after purchasing an additional 2,517,481 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of BorgWarner by 33.4% during the third quarter. JPMorgan Chase & Co. now owns 6,635,725 shares of the auto parts company’s stock valued at $283,875,000 after purchasing an additional 1,661,618 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of BorgWarner by 1,701.9% during the third quarter. Point72 Asset Management L.P. now owns 1,315,009 shares of the auto parts company’s stock valued at $56,256,000 after purchasing an additional 1,242,029 shares during the period. Institutional investors own 90.60% 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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