BorgWarner (NYSE:BWA) Earns "Neutral" Rating from UBS Group

BorgWarner (NYSE:BWA - Get Free Report)'s stock had its "neutral" rating reissued by analysts at UBS Group in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $31.00 price objective on the auto parts company's stock, down from their previous price objective of $38.00. UBS Group's price objective points to a potential upside of 19.64% from the stock's previous close.

Several other brokerages have also recently issued reports on BWA. Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Barclays dropped their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Finally, TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Eight investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

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BorgWarner Price Performance

NYSE BWA traded down $0.53 during mid-day trading on Thursday, hitting $25.91. The stock had a trading volume of 630,949 shares, compared to its average volume of 2,793,998. The firm's 50 day moving average is $28.66 and its 200 day moving average is $31.79. 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 capitalization of $5.69 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner has a twelve month low of $24.40 and a twelve month high of $38.23.

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

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred 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 $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On BorgWarner

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after acquiring an additional 753,344 shares in the last quarter. Invesco Ltd. raised its holdings in BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after purchasing an additional 628,930 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BorgWarner by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company's stock valued at $231,376,000 after buying an additional 217,050 shares in the last quarter. Alliancebernstein L.P. raised its stake in BorgWarner by 6.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after acquiring an additional 381,504 shares in the last quarter. Finally, LSV Asset Management lifted its position in BorgWarner by 22.5% in the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after acquiring an additional 792,100 shares during the last quarter. Institutional investors and hedge funds 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.