BorgWarner (NYSE:BWA) Given Overweight Rating at Piper Sandler

BorgWarner (NYSE:BWA - Get Free Report)'s stock had its "overweight" rating reissued by investment analysts at Piper Sandler in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $37.00 target price on the auto parts company's stock, up from their prior target price of $36.00. Piper Sandler's target price points to a potential upside of 10.62% from the company's previous close.

Several other analysts have also recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of BorgWarner from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Friday, March 7th. Robert W. Baird boosted their price target on shares of BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Barclays cut their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and lifted their target price for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.73.

BorgWarner Trading Up 2.4%

Shares of NYSE BWA traded up $0.77 during mid-day trading on Thursday, reaching $33.45. 893,957 shares of the company's stock were exchanged, compared to its average volume of 2,760,072. The company's 50-day moving average is $29.01 and its 200-day moving average is $30.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.77 and a beta of 1.08. BorgWarner has a 52-week low of $24.40 and a 52-week high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. Analysts expect that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Buying and Selling at BorgWarner

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 completion of the transaction, the vice president now directly owns 63,445 shares in the company, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,036 shares of company stock valued at $2,017,364 over the last quarter. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BWA. Dimensional Fund Advisors LP boosted its stake in shares of BorgWarner by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company's stock worth $331,429,000 after purchasing an additional 284,587 shares during the last quarter. Invesco Ltd. boosted its position in BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after acquiring an additional 628,930 shares during the last quarter. Alliancebernstein L.P. grew its stake in BorgWarner by 6.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after acquiring an additional 381,504 shares during the period. LSV Asset Management raised its holdings in BorgWarner by 36.7% in the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company's stock valued at $168,722,000 after acquiring an additional 1,580,935 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its stake in shares of BorgWarner by 7.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company's stock worth $129,664,000 after purchasing an additional 267,250 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Company Profile

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.