BorgWarner (NYSE:BWA) Rating Increased to Outperform at BNP Paribas

BorgWarner (NYSE:BWA) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report released on Tuesday,Finviz reports. The brokerage presently has a $36.00 price target on the auto parts company’s stock. BNP Paribas’ target price would indicate a potential upside of 27.14% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Evercore ISI lowered their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. 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 report on Monday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.27.

BorgWarner Price Performance

NYSE BWA opened at $28.32 on Tuesday. The company has a market capitalization of $6.19 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. 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 business’s fifty day moving average is $30.57 and its 200 day moving average is $32.67. BorgWarner has a fifty-two week low of $27.65 and a fifty-two week high of $38.23.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Sell-side analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last ninety days. 0.45% of the stock is owned by insiders.

Institutional Trading of BorgWarner

A number of large investors have recently modified their holdings of BWA. Pacer Advisors Inc. boosted its holdings in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares during the period. Norges Bank purchased a new stake in shares of BorgWarner in the fourth quarter valued at approximately $62,180,000. Bank of America Corp DE boosted its holdings in shares of BorgWarner by 91.9% in the fourth quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock valued at $123,311,000 after purchasing an additional 1,857,907 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in BorgWarner by 8,137.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock worth $41,297,000 after buying an additional 1,283,287 shares during the period. Finally, LSV Asset Management boosted its position in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after acquiring an additional 792,100 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.