BorgWarner (NYSE:BWA) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of BorgWarner (NYSE:BWA – Get Rating) in a note issued to investors on Thursday. The firm set a “strong-buy” rating on the auto parts company’s stock.

BWA has been the subject of several other research reports. Wells Fargo & Company raised their price target on BorgWarner from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $78.00 to $50.00 in a research note on Monday, January 9th. Oppenheimer raised their price target on BorgWarner from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. BNP Paribas raised BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, December 7th. Finally, Barclays assumed coverage on BorgWarner in a research report on Tuesday, February 14th. They set an “overweight” rating and a $62.00 target price for the company. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average price target of $52.91.

BorgWarner Stock Down 3.6 %

NYSE BWA opened at $45.91 on Thursday. The stock’s 50-day moving average price is $47.16 and its 200-day moving average price is $41.26. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 0.55. BorgWarner has a 52 week low of $31.14 and a 52 week high of $51.14. The company has a market capitalization of $10.75 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41.

BorgWarner (NYSE:BWA – Get Rating) last released its earnings results on Thursday, February 9th. The auto parts company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. BorgWarner had a return on equity of 14.97% and a net margin of 5.97%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that BorgWarner will post 4.9 earnings per share for the current year.

Insider Activity

In other news, CAO Tonit M. Calaway sold 14,026 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $49.59, for a total value of $695,549.34. Following the completion of the sale, the chief accounting officer now directly owns 40,875 shares in the company, valued at $2,026,991.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Tonit M. Calaway sold 14,026 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $49.59, for a total value of $695,549.34. Following the completion of the transaction, the chief accounting officer now directly owns 40,875 shares in the company, valued at $2,026,991.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 6,889 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $50.87, for a total value of $350,443.43. Following the completion of the transaction, the chief accounting officer now owns 28,105 shares of the company’s stock, valued at $1,429,701.35. The disclosure for this sale can be found here. Insiders sold 100,707 shares of company stock worth $5,027,503 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BWA. Tobam acquired a new stake in shares of BorgWarner in the third quarter valued at $27,000. TCI Wealth Advisors Inc. raised its stake in BorgWarner by 485.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 767 shares of the auto parts company’s stock valued at $31,000 after buying an additional 636 shares in the last quarter. Lindbrook Capital LLC raised its stake in BorgWarner by 110.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,000 shares of the auto parts company’s stock valued at $40,000 after buying an additional 524 shares in the last quarter. Quent Capital LLC raised its stake in BorgWarner by 91.7% in the third quarter. Quent Capital LLC now owns 1,311 shares of the auto parts company’s stock valued at $41,000 after buying an additional 627 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in BorgWarner in the fourth quarter valued at $49,000. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Company Profile

(Get Rating)

BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.