BorgWarner (NYSE:BWA - Get Free Report) was upgraded by equities research analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.
A number of other analysts have also commented on BWA. Robert W. Baird upgraded BorgWarner from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $41.00 to $52.00 in a report on Wednesday. Piper Sandler lifted their price target on BorgWarner from $37.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays reiterated an "overweight" rating and set a $45.00 price target (up from $42.00) on shares of BorgWarner in a report on Wednesday, July 16th. Evercore ISI lifted their price target on BorgWarner from $38.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.57.
Read Our Latest Stock Analysis on BorgWarner
BorgWarner Stock Up 0.3%
Shares of BWA traded up $0.15 during trading hours on Wednesday, reaching $44.00. 2,033,625 shares of the stock traded hands, compared to its average volume of 2,249,205. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $38.46 and a 200 day simple moving average of $33.00. BorgWarner has a 52 week low of $24.40 and a 52 week high of $44.32. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 1.33 and a beta of 1.09.
BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.15. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period last year, the firm earned $1.19 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, equities analysts forecast that BorgWarner will post 4.28 EPS for the current year.
BorgWarner announced that its board has initiated a share repurchase plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.
Insider Activity at BorgWarner
In related news, VP Stefan Demmerle sold 5,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $40.50, for a total transaction of $202,500.00. Following the sale, the vice president directly owned 229,040 shares in the company, valued at approximately $9,276,120. The trade was a 2.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexis P. Michas sold 8,772 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the sale, the director owned 78,903 shares in the company, valued at approximately $3,338,385.93. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,272 shares of company stock worth $1,263,318. 0.45% of the stock is owned by company insiders.
Institutional Trading of BorgWarner
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blackston Financial Advisory Group LLC increased its holdings in shares of BorgWarner by 3.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company's stock worth $267,000 after buying an additional 265 shares during the last quarter. Trajan Wealth LLC boosted its holdings in shares of BorgWarner by 4.6% in the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company's stock worth $229,000 after purchasing an additional 353 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company's stock worth $27,000 after purchasing an additional 364 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of BorgWarner by 2.3% in the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company's stock worth $569,000 after purchasing an additional 388 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of BorgWarner by 26.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 95.67% of the company's stock.
About BorgWarner
(
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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