BorgWarner (NYSE:BWA) Rating Increased to Outperform at BNP Paribas

BorgWarner (NYSE:BWA) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday,Finviz reports. The firm currently has a $36.00 price target on the auto parts company’s stock. BNP Paribas’ price target points to a potential upside of 27.14% from the stock’s current price.

BWA has been the topic of a number of other reports. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Evercore ISI decreased their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Guggenheim set a $38.00 price objective on BorgWarner in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $39.27.

BorgWarner Stock Performance

Shares of BWA opened at $28.32 on Tuesday. The stock’s 50-day simple moving average is $30.57 and its 200 day simple moving average is $32.67. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner has a 52-week low of $27.65 and a 52-week high of $38.23.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Research analysts forecast that BorgWarner will post 4.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the 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 sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BWA. Principal Financial Group Inc. lifted its stake in shares of BorgWarner by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company’s stock valued at $9,502,000 after purchasing an additional 7,559 shares during the period. CIBC Asset Management Inc lifted its stake in shares of BorgWarner by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 31,999 shares of the auto parts company’s stock valued at $1,161,000 after purchasing an additional 2,451 shares during the period. Natixis Advisors LLC lifted its stake in shares of BorgWarner by 16.2% in the 3rd quarter. Natixis Advisors LLC now owns 754,995 shares of the auto parts company’s stock valued at $27,398,000 after purchasing an additional 105,247 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of BorgWarner by 786.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company’s stock valued at $3,095,000 after purchasing an additional 75,671 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of BorgWarner by 336.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,516 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,940 shares during the period. Hedge funds and other 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.