BorgWarner (NYSE:BWA) Earns “Neutral” Rating from UBS Group

BorgWarner (NYSE:BWA)‘s stock had its “neutral” rating reiterated by investment analysts at UBS Group in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a $31.00 target price on the auto parts company’s stock, down from their prior target price of $38.00. UBS Group’s price target indicates a potential upside of 18.25% from the company’s current price.

A number of other brokerages have also weighed in on BWA. Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Piper Sandler decreased their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.56.

BorgWarner Stock Up 2.1 %

Shares of BWA opened at $26.22 on Thursday. The firm has a fifty day moving average price of $28.75 and a 200-day moving average price of $31.89. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $5.76 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner has a 12-month low of $24.40 and a 12-month high of $38.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 24,000 shares of the 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 transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by corporate insiders.

Institutional Trading of BorgWarner

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC raised its stake in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in BorgWarner in the 4th quarter worth approximately $45,000. Avior Wealth Management LLC raised its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner during the 4th quarter valued at approximately $48,000. Finally, Versant Capital Management Inc boosted its holdings in shares of BorgWarner by 448.5% in the 1st quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 1,480 shares during the last quarter. Institutional investors and hedge funds 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.