BorgWarner (NYSE:BWA) Rating Increased to Strong-Buy at Wall Street Zen

BorgWarner (NYSE:BWA - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also weighed in on BWA. Piper Sandler reiterated an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. UBS Group upped their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America upped their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a report on Tuesday, March 18th. Seven research 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 a consensus rating of "Moderate Buy" and an average price target of $38.00.

BorgWarner Trading Down 1.2%

Shares of BorgWarner stock traded down $0.42 during trading on Friday, hitting $35.40. The company's stock had a trading volume of 1,489,402 shares, compared to its average volume of 2,711,447. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. BorgWarner has a 52 week low of $24.40 and a 52 week high of $37.29. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The stock has a 50-day moving average price of $33.17 and a two-hundred day moving average price of $30.82.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. BorgWarner's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Equities research analysts anticipate that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Transactions at BorgWarner

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

Institutional Investors Weigh In On BorgWarner

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position 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 valued at $331,429,000 after acquiring an additional 284,587 shares during the period. Invesco Ltd. grew its position in shares of BorgWarner by 10.2% during the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after acquiring an additional 628,930 shares during the period. Alliancebernstein L.P. grew its position in shares of BorgWarner by 6.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock valued at $190,142,000 after acquiring an additional 381,504 shares during the period. LSV Asset Management grew its position in shares of BorgWarner by 36.7% during 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 period. Finally, Turtle Creek Asset Management Inc. grew its position 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 valued at $129,664,000 after acquiring an additional 267,250 shares during the period. 95.67% of the stock is owned by 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.