BorgWarner (NYSE:BWA) Stock Rating Lowered by TD Cowen

BorgWarner (NYSE:BWA) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $31.00 price objective on the auto parts company’s stock. TD Cowen’s price objective would indicate a potential upside of 3.85% from the company’s current price.

BWA has been the subject of several other research reports. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Barclays reduced their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $39.93.

BorgWarner Stock Performance

Shares of BWA opened at $29.85 on Friday. The firm has a 50-day moving average price of $30.93 and a 200 day moving average price of $32.88. The firm has a market capitalization of $6.53 billion, a PE ratio of 20.87, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner has a 52-week low of $27.90 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, sell-side analysts anticipate that BorgWarner will post 4.28 earnings per share for the current fiscal year.

Insider Transactions at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWA. Private Advisor Group LLC raised its position in BorgWarner by 8.4% during the third quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 549 shares in the last quarter. Janney Montgomery Scott LLC raised its position in BorgWarner by 50.7% during the third quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock valued at $1,962,000 after acquiring an additional 18,175 shares in the last quarter. Van ECK Associates Corp raised its position in BorgWarner by 8.6% during the third quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company’s stock valued at $2,557,000 after acquiring an additional 5,953 shares in the last quarter. Asset Management One Co. Ltd. raised its position in BorgWarner by 24.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,348 shares of the auto parts company’s stock valued at $158,000 after acquiring an additional 863 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in BorgWarner by 3.0% during the third quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company’s stock valued at $9,502,000 after acquiring an additional 7,559 shares in the last quarter. Institutional investors 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.