BorgWarner Inc. (NYSE:BWA)‘s stock had its “outperform” rating reiterated by equities researchers at BMO Capital Markets in a report released on Tuesday, September 12th.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, May 22nd. ValuEngine cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Morgan Stanley decreased their target price on shares of BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, June 9th. Jefferies Group LLC restated a “buy” rating and set a $50.00 target price on shares of BorgWarner in a research report on Wednesday, May 31st. Finally, CLSA assumed coverage on shares of BorgWarner in a research report on Thursday, June 22nd. They set a “hold” rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.20.
BorgWarner (NYSE BWA) opened at 51.23 on Tuesday. The company has a market cap of $10.81 billion, a PE ratio of 57.11 and a beta of 1.73. The stock has a 50 day moving average of $46.01 and a 200 day moving average of $43.15. BorgWarner has a 12-month low of $33.09 and a 12-month high of $51.55.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts expect that BorgWarner will post $3.70 earnings per share for the current year.
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In other news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were 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 approximately $1,062,708.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the transaction, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BWA. Strs Ohio increased its position in BorgWarner by 4.2% during the 1st quarter. Strs Ohio now owns 15,798 shares of the auto parts company’s stock worth $660,000 after purchasing an additional 631 shares in the last quarter. Canada Pension Plan Investment Board increased its position in BorgWarner by 102.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 36,530 shares of the auto parts company’s stock worth $1,527,000 after purchasing an additional 18,489 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in BorgWarner by 59.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 22,254 shares of the auto parts company’s stock worth $959,000 after purchasing an additional 8,296 shares in the last quarter. Bank of New York Mellon Corp increased its position in BorgWarner by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,017,840 shares of the auto parts company’s stock worth $84,325,000 after purchasing an additional 31,673 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in BorgWarner by 20.7% during the 1st quarter. Suntrust Banks Inc. now owns 31,733 shares of the auto parts company’s stock worth $1,324,000 after purchasing an additional 5,451 shares in the last quarter. 91.09% of the stock is owned by institutional investors.
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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