BorgWarner (NYSE:BWA) PT Lowered to $50.00 at JPMorgan Chase & Co.

BorgWarner (NYSE:BWA) had its target price reduced by JPMorgan Chase & Co. from $51.00 to $50.00 in a report issued on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Robert W. Baird lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Barclays raised their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $36.00 price target on shares of BorgWarner in a research report on Tuesday, September 10th. Finally, Bank of America reduced their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

BorgWarner Stock Down 0.2 %

Shares of NYSE BWA opened at $34.12 on Monday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The company’s 50-day simple moving average is $33.95 and its 200-day simple moving average is $33.89. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. BorgWarner has a 52-week low of $29.51 and a 52-week high of $39.10.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.01 by $0.18. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. BorgWarner’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.35 EPS. Equities analysts predict that BorgWarner will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

Institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in shares of BorgWarner in the first quarter valued at approximately $44,000. CGN Advisors LLC increased its position in shares of BorgWarner by 17.1% during the first quarter. CGN Advisors LLC now owns 35,242 shares of the auto parts company’s stock worth $1,224,000 after acquiring an additional 5,134 shares during the period. Riverview Trust Co acquired a new stake in shares of BorgWarner in the first quarter valued at $30,000. Parkside Investments LLC boosted its holdings in BorgWarner by 1.3% in the first quarter. Parkside Investments LLC now owns 199,369 shares of the auto parts company’s stock valued at $6,926,000 after purchasing an additional 2,480 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in BorgWarner by 2.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 63,608 shares of the auto parts company’s stock worth $2,210,000 after purchasing an additional 1,579 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.