StockNews.com Downgrades BorgWarner (NYSE:BWA) to Hold

BorgWarner (NYSE:BWA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts also recently issued reports on BWA. Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research report on Friday, March 7th. Barclays cut their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.73.

BorgWarner Price Performance

BorgWarner stock opened at $27.76 on Friday. The stock’s 50 day moving average is $30.78 and its 200 day moving average is $32.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The firm has a market cap of $6.07 billion, a P/E ratio of 19.42, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner has a one year low of $27.65 and a one year high of $38.23.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that BorgWarner will post 4.28 EPS for the current year.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 in the last ninety days. 0.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BorgWarner

Institutional investors have recently modified their holdings of the company. LRI Investments LLC increased its position in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 909 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of BorgWarner during the 3rd quarter valued at about $32,000. True Wealth Design LLC bought a new position in shares of BorgWarner during the 3rd quarter valued at about $38,000. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner during the 4th quarter valued at about $45,000. Finally, Avior Wealth Management LLC increased its position in shares of 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. 95.67% of the stock is currently owned by institutional investors.

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.