StockNews.com Downgrades BorgWarner (NYSE:BWA) to Hold

BorgWarner (NYSE:BWA) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also issued reports on BWA. Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Wells Fargo & Company upped their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.47.

BorgWarner Trading Down 0.8 %

Shares of BWA traded down $0.24 during trading hours on Friday, hitting $30.00. 4,107,052 shares of the stock traded hands, compared to its average volume of 2,578,414. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a 1-year low of $29.33 and a 1-year high of $38.22. The firm has a market capitalization of $6.56 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. The business has a fifty day moving average of $32.42 and a 200-day moving average of $33.28.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. Analysts expect that BorgWarner will post 4.23 EPS for the current year.

Insider Buying and Selling

In related news, VP Isabelle Mckenzie sold 5,700 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Inspire Advisors LLC grew its stake in BorgWarner by 44.5% in the fourth quarter. Inspire Advisors LLC now owns 15,434 shares of the auto parts company’s stock valued at $491,000 after purchasing an additional 4,751 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of BorgWarner by 11.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,745 shares of the auto parts company’s stock valued at $373,000 after buying an additional 1,239 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of BorgWarner by 5.5% in the fourth quarter. Moran Wealth Management LLC now owns 17,869 shares of the auto parts company’s stock valued at $568,000 after buying an additional 932 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BorgWarner by 4.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,900 shares of the auto parts company’s stock valued at $1,809,000 after buying an additional 2,389 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its position in shares of BorgWarner by 137.9% in the fourth quarter. Personal CFO Solutions LLC now owns 31,159 shares of the auto parts company’s stock valued at $991,000 after buying an additional 18,059 shares during the last quarter. 95.67% of the stock is currently 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.