BorgWarner (NYSE:BWA) PT Raised to $45.00

BorgWarner (NYSE:BWA) had its price objective hoisted by equities researchers at Barclays from $44.00 to $45.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective points to a potential upside of 22.28% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Piper Sandler initiated coverage on shares of BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective on the stock. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Oppenheimer boosted their price target on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $43.00 to $35.00 in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.76.

BorgWarner Trading Down 0.4 %

Shares of BWA stock opened at $36.80 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $33.35 and a 200 day simple moving average of $33.67. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The stock has a market capitalization of $8.38 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.08 and a beta of 1.30.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, sell-side analysts expect that BorgWarner will post 3.94 earnings per share for the current fiscal year.

BorgWarner announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares in the company, valued at $8,217,429. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock valued at $9,015,478 over the last quarter. 0.63% of the stock is owned by company insiders.

Institutional Trading of BorgWarner

Several large investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in BorgWarner during the 3rd quarter worth about $28,000. EdgeRock Capital LLC bought a new stake in shares of BorgWarner during the fourth quarter valued at approximately $30,000. Riverview Trust Co acquired a new stake in shares of BorgWarner in the first quarter valued at approximately $30,000. Sound Income Strategies LLC bought a new position in BorgWarner in the 4th quarter worth approximately $32,000. Finally, Bruce G. Allen Investments LLC acquired a new position in BorgWarner during the 4th quarter worth $33,000. Institutional investors own 95.67% of the company’s stock.

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.