BorgWarner (NYSE:BWA) Price Target Cut to $40.00 by Analysts at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its price objective dropped by equities research analysts at Wells Fargo & Company from $42.00 to $40.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 20.30% from the company’s previous close.

Several other equities research analysts have also commented on BWA. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Wolfe Research initiated coverage on shares of BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Guggenheim reissued a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group cut their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.07.

BorgWarner Stock Up 0.8 %

BWA stock opened at $33.25 on Monday. The company has a market capitalization of $7.27 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. BorgWarner has a 12 month low of $29.51 and a 12 month high of $38.22. The firm’s fifty day simple moving average is $34.34 and its 200-day simple moving average is $33.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that BorgWarner will post 4.22 earnings per share for the current year.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,010 shares of company stock worth $7,678,076. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP acquired a new position in shares of BorgWarner in the 3rd quarter valued at $908,000. Swedbank AB lifted its position in BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock worth $10,536,000 after buying an additional 64,126 shares during the period. Edgestream Partners L.P. increased its position in shares of BorgWarner by 191.2% during the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock valued at $6,246,000 after acquiring an additional 127,212 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at approximately $1,016,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.