BorgWarner Inc. (NYSE:BWA) – Jefferies Group boosted their FY2017 EPS estimates for shares of BorgWarner in a research report issued to clients and investors on Thursday. Jefferies Group analyst D. Kelley now anticipates that the auto parts company will post earnings per share of $3.83 for the year, up from their previous estimate of $3.76. Jefferies Group currently has a “Buy” rating and a $56.00 target price on the stock. Jefferies Group also issued estimates for BorgWarner’s Q4 2017 earnings at $1.01 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.12 EPS and FY2018 earnings at $4.10 EPS.
Other analysts also recently issued reports about the company. BidaskClub downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Royal Bank Of Canada restated a “hold” rating and issued a $44.00 price objective on shares of BorgWarner in a report on Wednesday, July 12th. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, September 5th. BMO Capital Markets increased their price objective on BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday. Finally, Deutsche Bank AG increased their price objective on BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $47.72.
Shares of BorgWarner (BWA) traded up 1.04% during mid-day trading on Monday, hitting $53.27. 155,010 shares of the company traded hands. The stock has a market capitalization of $11.24 billion, a PE ratio of 59.39 and a beta of 1.76. The firm’s 50 day moving average price is $51.10 and its 200-day moving average price is $45.45. BorgWarner has a 1-year low of $33.09 and a 1-year high of $53.84.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Delta Lloyd Asset Management N.V. bought a new position in BorgWarner in the 2nd quarter valued at about $1,063,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in BorgWarner by 19.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,017 shares of the auto parts company’s stock valued at $2,288,000 after acquiring an additional 8,844 shares in the last quarter. Kiltearn Partners LLP lifted its position in BorgWarner by 0.9% in the 2nd quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock valued at $133,538,000 after acquiring an additional 28,300 shares in the last quarter. Prudential Financial Inc. lifted its position in BorgWarner by 88.1% in the 2nd quarter. Prudential Financial Inc. now owns 816,422 shares of the auto parts company’s stock valued at $34,584,000 after acquiring an additional 382,494 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in BorgWarner by 2.6% in the 2nd quarter. Royal Bank of Canada now owns 505,769 shares of the auto parts company’s stock valued at $21,424,000 after acquiring an additional 12,840 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the transaction, the executive vice president now owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brady D. Ericson sold 11,052 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the transaction, the insider now directly owns 23,418 shares in the company, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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