StockNews.com Upgrades BorgWarner (NYSE:BWA) to Strong-Buy

BorgWarner (NYSE:BWA – Get Rating) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group upped their target price on shares of BorgWarner from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. Barclays cut their price target on BorgWarner from $62.00 to $58.00 in a research note on Monday, May 8th. Wells Fargo & Company cut their price target on BorgWarner from $56.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, April 10th. Robert W. Baird increased their price target on BorgWarner from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on BorgWarner from $58.00 to $56.00 in a research note on Friday, May 5th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.27.

BorgWarner Stock Down 1.2 %

NYSE:BWA opened at $44.11 on Friday. The stock’s fifty day moving average price is $47.30 and its two-hundred day moving average price is $44.71. BorgWarner has a 52-week low of $31.14 and a 52-week high of $51.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 1.59. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.68 and a beta of 1.41.

BorgWarner (NYSE:BWA – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). BorgWarner had a return on equity of 14.85% and a net margin of 5.97%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that BorgWarner will post 4.88 EPS for the current year.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 14,026 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $49.59, for a total value of $695,549.34. Following the completion of the transaction, the chief accounting officer now owns 40,875 shares in the company, valued at approximately $2,026,991.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Craig Aaron sold 9,638 shares of BorgWarner stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $48.29, for a total transaction of $465,419.02. Following the completion of the transaction, the vice president now owns 13,435 shares in the company, valued at $648,776.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 14,026 shares of BorgWarner stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $49.59, for a total value of $695,549.34. Following the transaction, the chief accounting officer now owns 40,875 shares of the company’s stock, valued at approximately $2,026,991.25. The disclosure for this sale can be found here. Insiders have sold 100,707 shares of company stock valued at $5,027,503 in the last 90 days. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of BorgWarner by 25.2% during the first quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock worth $14,458,000 after acquiring an additional 74,902 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of BorgWarner by 86.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock worth $859,000 after acquiring an additional 10,257 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of BorgWarner by 23.1% during the first quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock worth $2,537,000 after acquiring an additional 12,257 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of BorgWarner by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock valued at $1,248,000 after buying an additional 1,987 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of BorgWarner by 1.8% in the first quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock valued at $1,802,000 after buying an additional 840 shares in the last quarter. Institutional investors own 91.44% of the company’s stock.

About BorgWarner

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BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.