BorgWarner (NYSE:BWA) Given New $35.00 Price Target at Barclays

BorgWarner (NYSE:BWA) had its price target reduced by Barclays from $42.00 to $35.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective points to a potential upside of 32.48% from the company’s current price.

Several other research analysts also recently commented on BWA. Guggenheim set a $38.00 price objective on shares of BorgWarner in a report on Wednesday, March 5th. UBS Group reaffirmed a “neutral” rating and issued a $31.00 price objective (down previously from $38.00) on shares of BorgWarner in a research note on Thursday, April 10th. Piper Sandler lowered their target price on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. Finally, 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 report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

BorgWarner Trading Up 0.9 %

Shares of BWA stock opened at $26.42 on Tuesday. The stock has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $31.79. BorgWarner has a 52-week low of $24.40 and a 52-week high of $38.23. The firm has a market capitalization of $5.80 billion, a PE ratio of 18.48, a PEG ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 fiscal year.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction 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 represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This 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 valued at $1,347,701. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BWA. Stifel Financial Corp lifted its position in BorgWarner by 10.1% during the third quarter. Stifel Financial Corp now owns 36,365 shares of the auto parts company’s stock valued at $1,320,000 after acquiring an additional 3,337 shares during the last quarter. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 394 shares during the last quarter. MML Investors Services LLC grew its stake in BorgWarner by 7.1% during the 3rd quarter. MML Investors Services LLC now owns 21,816 shares of the auto parts company’s stock worth $792,000 after buying an additional 1,439 shares during the last quarter. Barclays PLC increased its position in BorgWarner by 14.7% during the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company’s stock valued at $16,092,000 after buying an additional 56,988 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co raised its stake in BorgWarner by 8.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company’s stock valued at $258,000 after buying an additional 550 shares during the last quarter. 95.67% of the stock is owned by 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.