The BorgWarner’s (BWA) “Buy” Rating Reiterated at Deutsche Bank AG

The BorgWarner’s (BWA) “Buy” Rating Reiterated at Deutsche Bank AG

Several other brokerages have also recently commented on BWA. BMO Capital Markets boosted their target price on shares of BorgWarner from $48.00 to $50.00 and gave the company an outperform rating in a research report on Monday, May 1st. TheStreet raised shares of BorgWarner from a c+ rating to a b rating in a report on Monday, May 1st. Jefferies Group LLC reaffirmed a buy rating and set a $50.00 price target (up from $48.00) on shares of BorgWarner in a report on Saturday, April 29th. Zacks Investment Research raised shares of BorgWarner from a sell rating to a hold rating in a report on Tuesday, March 7th. Finally, Barclays PLC lifted their price target on shares of BorgWarner from $36.00 to $39.00 and gave the company an equal weight rating in a report on Friday, February 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. BorgWarner has an average rating of Hold and an average target price of $40.69.

Deutsche Bank AG restated their buy rating on shares of BorgWarner Inc. (NYSE:BWA) in a research report released on Wednesday morning. The brokerage currently has a $54.00 target price on the auto parts company’s stock.

Shares of BorgWarner (NYSE BWA) opened at 44.27 on Wednesday. The firm’s 50-day moving average is $41.27 and its 200 day moving average is $40.42. The company has a market capitalization of $9.39 billion, a PE ratio of 65.88 and a beta of 1.64. BorgWarner has a 52 week low of $27.52 and a 52 week high of $45.05.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, May 30th. BorgWarner’s dividend payout ratio is currently 109.81%. In other news, insider Ronald T. Hundzinski sold 3,776 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $41.53, for a total value of $156,817.28. Following the sale, the insider now directly owns 141,958 shares of the company’s stock, valued at approximately $5,895,515.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.65% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in BorgWarner by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 2,531 shares of the auto parts company’s stock worth $100,000 after buying an additional 142 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in BorgWarner during the fourth quarter worth approximately $102,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in BorgWarner during the first quarter worth approximately $105,000. Whittier Trust Co. raised its stake in BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock worth $132,000 after buying an additional 189 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in BorgWarner by 29.9% in the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock worth $154,000 after buying an additional 851 shares in the last quarter. 92.16% of the stock is currently owned by institutional investors. BorgWarner Company Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BWA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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