BorgWarner’s (BWA) Neutral Rating Reiterated at UBS Group

BorgWarner (NYSE:BWA)‘s stock had its “neutral” rating reaffirmed by analysts at UBS Group in a report released on Thursday, Marketbeat.com reports. They presently have a $31.00 price target on the auto parts company’s stock, down from their previous price target of $38.00. UBS Group’s target price would suggest a potential upside of 18.25% from the stock’s current price.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Guggenheim set a $38.00 price target on shares of BorgWarner in a research note on Wednesday, March 5th. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Morgan Stanley decreased their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.56.

BorgWarner Price Performance

NYSE:BWA opened at $26.22 on Thursday. The company has a 50 day moving average price of $28.75 and a 200-day moving average price of $31.89. BorgWarner has a 1-year low of $24.40 and a 1-year high of $38.23. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. 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 issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts forecast that BorgWarner will post 4.28 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated 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 directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last three months. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWA. Norges Bank acquired a new position in shares of BorgWarner in the 4th quarter valued at $62,180,000. Bank of America Corp DE raised its holdings in BorgWarner by 91.9% in the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock valued at $123,311,000 after buying an additional 1,857,907 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in BorgWarner by 8,137.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock valued at $41,297,000 after buying an additional 1,283,287 shares during the last quarter. LSV Asset Management boosted its stake in BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock worth $136,956,000 after buying an additional 792,100 shares during the period. Finally, Swedbank AB increased its position in shares of BorgWarner by 91.7% during the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after acquiring an additional 774,438 shares during the last quarter. Institutional investors and hedge funds 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.