BorgWarner (NYSE:BWA) Raised to “Buy” at StockNews.com

BorgWarner (NYSE:BWA) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other analysts have also recently issued reports about the company. Guggenheim set a $38.00 price objective on BorgWarner in a report on Wednesday, March 5th. Morgan Stanley cut their price objective on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Evercore ISI lowered their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Piper Sandler reduced their price target on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Finally, Wells Fargo & Company upped their price objective on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

BorgWarner Stock Down 4.7 %

Shares of BWA opened at $25.92 on Friday. The company has a market capitalization of $5.69 billion, a P/E ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner has a one year low of $24.66 and a one year high of $38.23. The business’s 50 day simple moving average is $29.63 and its 200-day simple moving average is $32.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, sell-side analysts predict that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. LRI Investments LLC grew its holdings in BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner in the 4th quarter valued at $45,000. Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in BorgWarner during the fourth quarter worth $48,000. Finally, Versant Capital Management Inc raised its position in shares of BorgWarner by 448.5% in the first quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 1,480 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.