BorgWarner (NYSE:BWA) Raised to “Buy” at StockNews.com

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

Other research analysts have also recently issued research reports about the stock. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Piper Sandler decreased their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday. Evercore ISI cut their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays decreased their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Guggenheim set a $38.00 price target on BorgWarner in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

BorgWarner Stock Up 2.7 %

NYSE BWA traded up $0.77 during trading on Monday, reaching $29.47. 3,191,806 shares of the company’s stock were exchanged, compared to its average volume of 2,646,405. The company has a 50 day moving average price of $30.31 and a two-hundred day moving average price of $32.51. The stock has a market cap of $6.47 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner has a 1 year low of $27.65 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, 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 sold 45,800 shares of company stock valued at $1,347,701 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently made changes to their positions in BWA. Brooklyn Investment Group purchased a new stake in BorgWarner during the third quarter worth about $32,000. LRI Investments LLC boosted its stake 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 worth $31,000 after acquiring an additional 909 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of BorgWarner during the 3rd quarter worth approximately $38,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner in the 4th quarter worth approximately $45,000. Finally, Avior Wealth Management LLC increased its stake in BorgWarner by 31.3% in 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 in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.