BorgWarner (NYSE:BWA) Lifted to “Buy” at StockNews.com

BorgWarner (NYSE:BWA) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other equities analysts have also recently weighed in on the stock. Barclays upped their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup upped their price objective on shares of BorgWarner from $33.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday. Robert W. Baird upped their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Oppenheimer upped their price objective on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company upped their price objective on shares of BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.76.

BorgWarner Stock Down 0.4 %

Shares of BorgWarner stock opened at $36.80 on Monday. The company has a fifty day moving average price of $33.35 and a 200 day moving average price of $33.67. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. BorgWarner has a twelve month low of $29.51 and a twelve month high of $50.04. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that BorgWarner will post 3.94 earnings per share for the current fiscal year.

BorgWarner announced that its board has authorized a stock repurchase program on Thursday, May 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to buy up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s 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 approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 over the last quarter. 0.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On BorgWarner

Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of BorgWarner by 15.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,583 shares of the auto parts company’s stock valued at $710,000 after acquiring an additional 2,323 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of BorgWarner by 4.7% in the third quarter. Raymond James & Associates now owns 459,318 shares of the auto parts company’s stock valued at $18,543,000 after acquiring an additional 20,536 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BorgWarner by 2.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 64,887 shares of the auto parts company’s stock valued at $2,619,000 after acquiring an additional 1,339 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BorgWarner by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 2,166,308 shares of the auto parts company’s stock valued at $87,454,000 after acquiring an additional 76,659 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in BorgWarner by 1.7% during the third quarter. AMF Tjanstepension AB now owns 100,930 shares of the auto parts company’s stock worth $4,075,000 after buying an additional 1,730 shares in the last quarter. Institutional investors and hedge funds 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.