Barclays Boosts BorgWarner (NYSE:BWA) Price Target to $44.00

BorgWarner (NYSE:BWA) had its target price hoisted by analysts at Barclays from $40.00 to $44.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price indicates a potential upside of 31.34% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler assumed coverage on shares of BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 price target for the company. The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Robert W. Baird lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Price Performance

BorgWarner stock opened at $33.50 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $32.56 and a 200-day simple moving average of $34.42. BorgWarner has a 52-week low of $29.51 and a 52-week high of $50.04. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.99 and a beta of 1.31.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that BorgWarner will post 3.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,503 shares of company stock worth $9,015,478. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in BorgWarner by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after purchasing an additional 331,401 shares during the last quarter. State Street Corp grew its holdings in BorgWarner by 3.5% in the 2nd quarter. State Street Corp now owns 10,449,304 shares of the auto parts company’s stock valued at $511,075,000 after buying an additional 357,259 shares during the period. Victory Capital Management Inc. increased its stake in shares of BorgWarner by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock valued at $346,614,000 after acquiring an additional 948,659 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of BorgWarner by 3.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after acquiring an additional 166,007 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of BorgWarner by 10.0% in the first quarter. Macquarie Group Ltd. now owns 5,322,946 shares of the auto parts company’s stock worth $261,410,000 after acquiring an additional 484,794 shares during the last quarter. Institutional investors and hedge funds 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.