BorgWarner (NYSE:BWA) Stock Rating Lowered by Piper Sandler

BorgWarner (NYSE:BWA) was downgraded by investment analysts at Piper Sandler from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Robert W. Baird set a $54.00 target price on shares of BorgWarner in a research note on Friday, October 31st. Bank of America cut shares of BorgWarner from a “buy” rating to a “neutral” rating and increased their price target for the company from $41.00 to $46.00 in a report on Wednesday, September 10th. The Goldman Sachs Group boosted their price objective on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 29th. UBS Group upped their target price on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, Barclays lifted their price target on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

BorgWarner Stock Performance

BWA opened at $47.70 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner has a 12-month low of $24.40 and a 12-month high of $48.16. The business has a 50 day moving average of $44.51 and a 200-day moving average of $41.73. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 75.72, a PEG ratio of 0.93 and a beta of 1.06.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, equities research analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at $1,926,437.65. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 23,200 shares of company stock worth $1,054,336. 0.45% of the stock is currently owned by insiders.

Institutional Trading of BorgWarner

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in BorgWarner by 9.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,734 shares of the auto parts company’s stock worth $7,465,000 after purchasing an additional 13,141 shares during the last quarter. CWA Asset Management Group LLC increased its stake in shares of BorgWarner by 62.3% in the 4th quarter. CWA Asset Management Group LLC now owns 85,131 shares of the auto parts company’s stock valued at $3,836,000 after purchasing an additional 32,672 shares during the last quarter. Riversedge Advisors LLC acquired a new position in shares of BorgWarner during the 4th quarter worth $200,000. GAMMA Investing LLC lifted its position in shares of BorgWarner by 11.5% during the 4th quarter. GAMMA Investing LLC now owns 8,182 shares of the auto parts company’s stock worth $369,000 after buying an additional 843 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in BorgWarner by 256.1% in the third quarter. Allworth Financial LP now owns 5,993 shares of the auto parts company’s stock valued at $263,000 after buying an additional 4,310 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About BorgWarner

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.