Robert W. Baird Cuts BorgWarner (NYSE:BWA) Price Target to $29.00

BorgWarner (NYSE:BWA - Get Free Report) had its price target reduced by equities research analysts at Robert W. Baird from $34.00 to $29.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's price target indicates a potential upside of 9.78% from the stock's current price.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a report on Tuesday, March 18th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and boosted their target price for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

BorgWarner Price Performance

NYSE BWA traded up $0.40 during trading hours on Tuesday, reaching $26.42. The company's stock had a trading volume of 1,371,504 shares, compared to its average volume of 2,793,467. The company's 50-day moving average is $28.38 and its two-hundred day moving average is $31.58. BorgWarner has a 1-year low of $24.40 and a 1-year high of $38.23. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA - Get Free Report) last released 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 net margin of 2.40% and a return on equity of 15.93%. On average, equities analysts predict that BorgWarner will post 4.28 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company's 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 transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 over the last quarter. Insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On BorgWarner

Several institutional investors and hedge funds have recently made changes to their positions in BWA. Blackston Financial Advisory Group LLC raised its holdings in shares of BorgWarner by 20.3% in the first quarter. Blackston Financial Advisory Group LLC now owns 7,705 shares of the auto parts company's stock valued at $221,000 after buying an additional 1,301 shares during the last quarter. Fortis Advisors LLC lifted its position in shares of BorgWarner by 21.3% during the first quarter. Fortis Advisors LLC now owns 9,400 shares of the auto parts company's stock worth $269,000 after purchasing an additional 1,650 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in shares of BorgWarner by 56.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 96,526 shares of the auto parts company's stock valued at $2,765,000 after purchasing an additional 34,946 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of BorgWarner by 59.8% in the first quarter. Alpha Omega Wealth Management LLC now owns 25,190 shares of the auto parts company's stock valued at $722,000 after purchasing an additional 9,427 shares in the last quarter. Finally, CX Institutional bought a new position in BorgWarner in the 1st quarter worth approximately $98,000. 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.