BorgWarner (NYSE:BWA) Stock Rating Upgraded by StockNews.com

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

BWA has been the subject of a number of other research reports. The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Evercore ISI decreased their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Guggenheim restated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Morgan Stanley decreased their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average target price of $39.93.

BorgWarner Trading Up 1.6 %

NYSE BWA opened at $29.85 on Thursday. BorgWarner has a 12 month low of $27.90 and a 12 month high of $38.22. The company has a 50-day moving average of $30.97 and a 200-day moving average of $32.90. 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 company has a market cap of $6.53 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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%. As a group, equities analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the company’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 sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s 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 sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp increased its position in BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after buying an additional 595 shares during the period. State of Alaska Department of Revenue increased its position in BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares during the period. Wellington Management Group LLP increased its position in BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after buying an additional 394 shares during the period. Mirabella Financial Services LLP acquired a new stake in BorgWarner in the third quarter worth $908,000. Finally, Merit Financial Group LLC increased its position in BorgWarner by 33.2% in the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after buying an additional 4,537 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.