BorgWarner (NYSE:BWA) Given New $36.00 Price Target at The Goldman Sachs Group

BorgWarner (NYSE:BWA) had its target price reduced by equities researchers at The Goldman Sachs Group from $38.00 to $36.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 1.24% from the stock’s previous close.

Several other equities analysts also recently issued reports on the company. UBS Group lifted their price objective on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Citigroup cut their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $36.00 target price on shares of BorgWarner in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

BorgWarner Price Performance

BWA stock traded down $0.73 during trading on Tuesday, hitting $35.56. The company had a trading volume of 823,512 shares, compared to its average volume of 2,828,334. The company has a fifty day moving average price of $33.10 and a two-hundred day moving average price of $33.75. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The company has a market cap of $8.10 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.94 and a beta of 1.20. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $40.76.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.01 by $0.18. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. BorgWarner’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS. Equities research analysts expect that BorgWarner will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in shares of BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after acquiring an additional 15,883 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock valued at $1,363,000 after acquiring an additional 18,640 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of BorgWarner by 19.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock valued at $20,373,000 after acquiring an additional 91,164 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of BorgWarner by 419.7% during the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock valued at $2,311,000 after acquiring an additional 53,721 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of BorgWarner by 13.2% during the 4th quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock valued at $66,349,000 after acquiring an additional 216,373 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.