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

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

A number of other analysts also recently commented on BWA. TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a report on Friday, March 7th. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Finally, Piper Sandler lowered their price target on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.77 during trading on Monday, reaching $29.47. The stock had a trading volume of 3,191,806 shares, compared to its average volume of 2,646,405. The business has a fifty day moving average price of $30.31 and a 200-day moving average price of $32.51. 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. The stock has a market cap of $6.47 billion, a PE ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.21.

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

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 over the last ninety days. Company insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in BorgWarner during the 3rd quarter worth $32,000. LRI Investments LLC grew its position in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after buying an additional 909 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of BorgWarner during the third quarter worth approximately $38,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner during the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. 95.67% of the stock is currently 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.