BorgWarner (NYSE:BWA) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of BorgWarner (NYSE:BWA – Free Report) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Other analysts have also issued reports about the company. Barclays dropped their target price on BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group raised BorgWarner from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. Piper Sandler reissued an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Bank of America raised their price objective on BorgWarner from $35.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 16th. Finally, Robert W. Baird raised their price objective on BorgWarner from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Friday. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $38.36.

Check Out Our Latest Stock Report on BorgWarner

BorgWarner Trading Up 0.7%

Shares of NYSE:BWA opened at $35.68 on Friday. BorgWarner has a 52-week low of $24.40 and a 52-week high of $37.29. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.56 and a beta of 1.09. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $33.17 and a 200-day moving average price of $30.80.

BorgWarner (NYSE:BWA – Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. BorgWarner’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Equities analysts predict that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. BorgWarner’s payout ratio is 35.20%.

Insider Buying and Selling

In related news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the transaction, the vice president owned 63,445 shares in the company, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president owned 214,521 shares in the company, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in BorgWarner in the fourth quarter valued at $62,180,000. New York State Teachers Retirement System raised its position in BorgWarner by 3.8% in the first quarter. New York State Teachers Retirement System now owns 219,180 shares of the auto parts company’s stock valued at $6,280,000 after purchasing an additional 7,977 shares during the period. AIA Group Ltd purchased a new stake in BorgWarner in the fourth quarter valued at $1,599,000. Intact Investment Management Inc. purchased a new stake in BorgWarner in the fourth quarter valued at $5,077,000. Finally, Sage Rhino Capital LLC purchased a new stake in BorgWarner in the first quarter valued at $235,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

(Get Free Report)

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.

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