Guggenheim Reaffirms Buy Rating for BorgWarner (NYSE:BWA)

BorgWarner (NYSE:BWA)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a report issued on Thursday,Benzinga reports. They presently have a $41.00 target price on the auto parts company’s stock. Guggenheim’s price target points to a potential upside of 20.41% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group reduced their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Finally, Wolfe Research started coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.20.

BorgWarner Trading Down 2.9 %

Shares of NYSE BWA opened at $34.05 on Thursday. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business’s 50 day moving average is $34.38 and its two-hundred day moving average is $33.68. The stock has a market capitalization of $7.45 billion, a P/E ratio of 8.64, a PEG ratio of 0.77 and a beta of 1.19.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, research analysts expect that BorgWarner will post 4.22 EPS for the current year.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last ninety days. 0.45% of the stock is owned by company insiders.

Institutional Trading of BorgWarner

Several hedge funds have recently modified their holdings of BWA. Matrix Trust Co purchased a new stake in BorgWarner during the third quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner during the 3rd quarter valued at $32,000. LRI Investments LLC boosted its position in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new position in BorgWarner during the 2nd quarter worth $32,000. Finally, True Wealth Design LLC acquired a new position in BorgWarner during the 3rd quarter valued at about $38,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

About BorgWarner

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.