Piper Sandler Has Lowered Expectations for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its price target decreased by Piper Sandler from $43.00 to $36.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Piper Sandler’s target price indicates a potential upside of 23.54% from the company’s previous close.

Several other equities research analysts have also commented on BWA. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Tuesday. The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays lowered their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

BorgWarner Stock Performance

BWA traded up $0.12 on Thursday, reaching $29.14. The company had a trading volume of 280,074 shares, compared to its average volume of 2,460,525. BorgWarner has a 1 year low of $27.65 and a 1 year high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.37 billion, a PE ratio of 20.37, a P/E/G ratio of 0.77 and a beta of 1.21. The stock has a 50-day moving average price of $30.45 and a 200-day moving average price of $32.61.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, research analysts forecast that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Activity

In other news, 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 completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. LRI Investments LLC raised its position in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 909 shares during the period. Brooklyn Investment Group bought a new position in shares of BorgWarner during the 3rd quarter valued at about $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at approximately $38,000. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner during the 4th quarter worth approximately $45,000. Finally, Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares during the period. Institutional investors own 95.67% of the company’s stock.

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.