BorgWarner (NYSE:BWA) Given New $41.00 Price Target at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its price target lifted by equities research analysts at Wells Fargo & Company from $40.00 to $41.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 37.54% from the company’s previous close.

Several other research firms have also recently weighed in on BWA. JPMorgan Chase & Co. lowered their price target 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. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Barclays decreased their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

BorgWarner Stock Down 4.4 %

NYSE:BWA opened at $29.81 on Friday. BorgWarner has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The stock has a 50-day simple moving average of $32.50 and a 200 day simple moving average of $33.30. The company has a market cap of $6.52 billion, a PE ratio of 7.56, a PEG ratio of 0.66 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. On average, sell-side analysts expect that BorgWarner will post 4.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of BorgWarner

Several large investors have recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich increased its stake in BorgWarner by 9.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 153,547 shares of the auto parts company’s stock valued at $5,387,000 after purchasing an additional 13,290 shares in the last quarter. Machina Capital S.A.S. increased its position in shares of BorgWarner by 88.8% during the fourth quarter. Machina Capital S.A.S. now owns 22,983 shares of the auto parts company’s stock valued at $731,000 after acquiring an additional 10,810 shares in the last quarter. Edgestream Partners L.P. raised its holdings in BorgWarner by 95.9% in the 4th quarter. Edgestream Partners L.P. now owns 212,085 shares of the auto parts company’s stock worth $6,742,000 after acquiring an additional 103,825 shares during the last quarter. Raymond James Financial Inc. bought a new position in BorgWarner in the 4th quarter valued at approximately $3,860,000. Finally, Arizona State Retirement System boosted its stake in BorgWarner by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company’s stock valued at $2,101,000 after purchasing an additional 498 shares during the last quarter. Institutional investors 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.