BorgWarner (BWA) Stock Rating Lowered by ValuEngine

BorgWarner (NYSE:BWA) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday, ValuEngine reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered BorgWarner from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Seaport Global Securities began coverage on BorgWarner in a research note on Wednesday, February 13th. They set a “neutral” rating on the stock. TheStreet upgraded BorgWarner from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Robert W. Baird upgraded BorgWarner to a “top pick” rating in a research note on Friday, February 15th. Finally, Morgan Stanley set a $53.00 target price on BorgWarner and gave the company a “buy” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.83.

Shares of BorgWarner stock traded down $1.87 during trading on Monday, hitting $36.61. 1,672,563 shares of the stock traded hands, compared to its average volume of 1,646,380. The firm has a market cap of $7.98 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.18 and a beta of 1.74. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. BorgWarner has a 52-week low of $32.46 and a 52-week high of $53.28.



BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.47 billion. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. Analysts forecast that BorgWarner will post 4.23 earnings per share for the current year.

In other news, EVP Tonit M. Calaway sold 12,000 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $41.93, for a total transaction of $503,160.00. Following the sale, the executive vice president now owns 28,066 shares in the company, valued at $1,176,807.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas T. Stallkamp sold 6,260 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $42.00, for a total value of $262,920.00. The disclosure for this sale can be found here. Insiders sold 29,784 shares of company stock worth $1,230,456 in the last quarter. 0.75% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in shares of BorgWarner by 118.5% during the first quarter. Rockefeller Capital Management L.P. now owns 651 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 353 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of BorgWarner by 247.8% during the fourth quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 669 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of BorgWarner by 93.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 482 shares during the last quarter. Bremer Bank National Association purchased a new stake in shares of BorgWarner during the first quarter worth about $44,000. Finally, Bremer Trust National Association purchased a new stake in shares of BorgWarner during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Analyst Recommendations for BorgWarner (NYSE:BWA)

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