Piper Sandler Downgrades BorgWarner (NYSE:BWA) to Neutral

BorgWarner (NYSE:BWA) was downgraded by investment analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a report issued on Thursday, MarketBeat reports. They presently have a $51.00 price objective on the auto parts company’s stock, down from their prior price objective of $52.00. Piper Sandler’s price objective suggests a potential upside of 7.03% from the company’s previous close.

A number of other brokerages have also issued reports on BWA. Robert W. Baird set a $54.00 target price on BorgWarner in a research report on Friday, October 31st. Evercore ISI boosted their price objective on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. JPMorgan Chase & Co. lifted their target price on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Barclays increased their price target on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

BorgWarner Trading Down 0.3%

NYSE BWA opened at $47.65 on Thursday. The firm’s 50-day moving average is $44.60 and its two-hundred day moving average is $41.83. BorgWarner has a 12 month low of $24.40 and a 12 month high of $48.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The stock has a market capitalization of $10.19 billion, a P/E ratio of 75.64, a PEG ratio of 0.93 and a beta of 1.06.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, sell-side analysts anticipate that BorgWarner will post 4.28 earnings per share for the current year.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the vice president directly owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. This trade represents a 2.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 23,200 shares of company stock worth $1,054,336. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of BorgWarner

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of BorgWarner by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,411 shares of the auto parts company’s stock worth $1,889,000 after buying an additional 4,078 shares during the last quarter. CWM LLC raised its stake in BorgWarner by 218.3% during the 3rd quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock worth $10,368,000 after acquiring an additional 161,755 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in BorgWarner during the 2nd quarter worth $567,000. Columbia Bank purchased a new stake in BorgWarner in the second quarter valued at $239,000. Finally, Kera Capital Partners Inc. acquired a new position in BorgWarner in the second quarter valued at $212,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.