BorgWarner Inc. (NYSE:BWA)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a research note issued to investors on Tuesday, September 12th.
A number of other research firms have also recently weighed in on BWA. Morgan Stanley dropped their price objective on shares of BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 price objective on shares of BorgWarner in a report on Tuesday, August 29th. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, June 7th. ValuEngine cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and set a $55.00 target price on shares of BorgWarner in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.20.
Shares of BorgWarner (BWA) traded down 0.34% during mid-day trading on Tuesday, hitting $50.29. 2,213,579 shares of the stock traded hands. The firm’s 50 day moving average price is $46.01 and its 200-day moving average price is $43.15. BorgWarner has a 12-month low of $33.09 and a 12-month high of $50.83. The stock has a market cap of $10.61 billion, a P/E ratio of 56.06 and a beta of 1.73.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company earned $0.84 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts predict that BorgWarner will post $3.70 earnings per share for the current year.
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In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the transaction, the executive vice president now directly owns 34,120 shares in the company, valued at $1,535,058.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brady D. Ericson sold 11,052 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BWA. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of BorgWarner in the first quarter worth about $105,000. Van ECK Associates Corp boosted its holdings in shares of BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock worth $113,000 after buying an additional 171 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after buying an additional 135 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock worth $122,000 after buying an additional 354 shares during the period. Finally, Exane Derivatives acquired a new position in shares of BorgWarner in the second quarter worth about $135,000. Institutional investors own 91.09% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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