BorgWarner (NYSE:BWA) Raised to Buy at StockNews.com

BorgWarner (NYSE:BWA - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

Several other equities research analysts also recently weighed in on the stock. Barclays reduced their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley reduced their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, The Goldman Sachs Group dropped their price objective on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.73.

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BorgWarner Price Performance

Shares of BorgWarner stock traded up $0.05 during trading hours on Thursday, reaching $29.86. The company's stock had a trading volume of 3,535,777 shares, compared to its average volume of 2,476,513. The firm has a 50 day moving average price of $30.93 and a 200-day moving average price of $32.87. BorgWarner has a one year low of $27.90 and a one year high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market cap of $6.53 billion, a P/E ratio of 20.88, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, analysts predict that BorgWarner will post 4.28 EPS for the current year.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On BorgWarner

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Studio Investment Management LLC raised its position in shares of BorgWarner by 12.4% in the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock valued at $102,000 after purchasing an additional 310 shares during the last quarter. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares during the period. Janney Montgomery Scott LLC boosted its holdings in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after purchasing an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after purchasing an additional 393 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after buying an additional 394 shares during 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.