BorgWarner (NYSE:BWA) Hits New 52-Week Low – What’s Next?

Shares of BorgWarner Inc. (NYSE:BWA) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $29.33 and last traded at $30.02, with a volume of 783816 shares trading hands. The stock had previously closed at $30.24.

Analyst Ratings Changes

Several brokerages recently issued reports on BWA. Guggenheim reiterated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. 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 upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $40.47.

BorgWarner Stock Performance

The stock has a market capitalization of $6.59 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. The business’s fifty day moving average is $32.50 and its two-hundred day moving average is $33.30. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. As a group, research analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 over the last three months. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Matrix Trust Co acquired a new stake in shares of BorgWarner during the third quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in BorgWarner in the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $38,000. Trust Co. of Vermont increased its holdings in shares of BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 645 shares during the period. Finally, Avior Wealth Management LLC raised its position in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

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.