The Jefferies Group LLC Reaffirms Buy Rating for BorgWarner Inc. (BWA)

The Jefferies Group LLC Reaffirms Buy Rating for BorgWarner Inc. (BWA)

Other research analysts have also recently issued reports about the company. TheStreet upgraded BorgWarner from a c+ rating to a b rating in a research note on Monday, May 1st. Deutsche Bank AG raised their price objective on BorgWarner from $51.00 to $54.00 and gave the stock a buy rating in a research note on Friday, April 28th. Zacks Investment Research upgraded BorgWarner from a hold rating to a buy rating and set a $43.00 price objective for the company in a research note on Wednesday, April 12th. Barclays PLC raised their price objective on BorgWarner from $36.00 to $39.00 and gave the stock an equal weight rating in a research note on Friday, February 10th. Finally, BMO Capital Markets raised their price objective on BorgWarner from $48.00 to $50.00 and gave the stock an outperform rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $40.69.

Jefferies Group LLC reiterated their buy rating on shares of BorgWarner Inc. (NYSE:BWA) in a report issued on Wednesday morning. They currently have a $50.00 price objective on the auto parts company’s stock.

Shares of BorgWarner (NYSE BWA) opened at 44.27 on Wednesday. The company has a market capitalization of $9.39 billion, a P/E ratio of 65.88 and a beta of 1.64. BorgWarner has a 1-year low of $27.52 and a 1-year high of $45.05. The firm’s 50 day moving average price is $41.27 and its 200-day moving average price is $40.42.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a 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 related news, insider Ronald T. Hundzinski sold 3,776 shares of BorgWarner stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $41.53, for a total transaction of $156,817.28. Following the completion of the transaction, the insider now directly owns 141,958 shares in the company, valued at $5,895,515.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. First Bank & Trust raised its stake in shares of BorgWarner by 0.3% in the first quarter. First Bank & Trust now owns 4,126 shares of the auto parts company’s stock valued at $173,000 after buying an additional 12 shares during the last quarter. Atria Investments LLC raised its stake in shares of BorgWarner by 0.8% in the first quarter. Atria Investments LLC now owns 5,456 shares of the auto parts company’s stock valued at $228,000 after buying an additional 43 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in shares of BorgWarner by 0.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,816 shares of the auto parts company’s stock valued at $809,000 after buying an additional 48 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of BorgWarner by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,846 shares of the auto parts company’s stock valued at $788,000 after buying an additional 77 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of BorgWarner by 3.1% in the first quarter. Pacer Advisors Inc. now owns 4,092 shares of the auto parts company’s stock valued at $171,000 after buying an additional 123 shares during 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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