BorgWarner (NYSE:BWA) Price Target Raised to $40.00 at Robert W. Baird

BorgWarner (NYSE:BWA) had its price objective boosted by research analysts at Robert W. Baird from $36.00 to $40.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 9.77% from the stock’s current price.

Several other equities research analysts have also commented on BWA. JPMorgan Chase & Co. cut their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. The Goldman Sachs Group cut their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Wells Fargo & Company lowered their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.93.

BorgWarner Stock Up 2.3 %

Shares of NYSE BWA opened at $36.44 on Friday. The company’s 50 day moving average price is $33.10 and its 200-day moving average price is $33.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.30 and a current ratio of 1.54. BorgWarner has a 52-week low of $29.51 and a 52-week high of $50.04. The company has a market capitalization of $8.37 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. BorgWarner’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. Equities analysts forecast that BorgWarner will post 3.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the transaction, the vice president now directly owns 111,964 shares in the company, valued at $3,678,017.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,503 shares of company stock valued at $9,015,478. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mediolanum International Funds Ltd purchased a new position in BorgWarner in the first quarter worth $833,000. Boomfish Wealth Group LLC boosted its holdings in shares of BorgWarner by 3.6% in the 1st quarter. Boomfish Wealth Group LLC now owns 34,126 shares of the auto parts company’s stock worth $1,186,000 after buying an additional 1,186 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in BorgWarner during the first quarter valued at about $280,000. Whittier Trust Co. of Nevada Inc. increased its holdings in BorgWarner by 12,144.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after buying an additional 1,093 shares during the last quarter. Finally, FORA Capital LLC raised its position in BorgWarner by 26.6% in the first quarter. FORA Capital LLC now owns 56,376 shares of the auto parts company’s stock worth $1,959,000 after acquiring an additional 11,847 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

About BorgWarner

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.