The stock of BorgWarner Inc. (NYSE:BWA) is a huge mover today! About 1.32 million shares traded hands. BorgWarner Inc. (NYSE:BWA) has declined 5.40% since April 18, 2016 and is downtrending. It has underperformed by 9.83% the S&P500.
The move comes after 9 months positive chart setup for the $7.85B company. It was reported on Nov, 18 by Barchart.com. We have $45.25 PT which if reached, will make NYSE:BWA worth $2.12B more.
BorgWarner Inc. (NYSE:BWA) Ratings Coverage
Out of 12 analysts covering Borgwarner Inc. (NYSE:BWA), 2 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 17% are positive. Borgwarner Inc. has been the topic of 29 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, February 16 by Sterne Agee CRT. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, October 6. The rating was maintained by RBC Capital Markets on Friday, September 11 with “Outperform”. The rating was downgraded by Morgan Stanley to “Underweight” on Monday, October 19. The company was downgraded on Tuesday, March 29 by Citigroup. The firm has “Buy” rating given on Wednesday, November 18 by Goldman Sachs. The stock has “Neutral” rating given by Seaport Global on Tuesday, August 9. The rating was maintained by Barclays Capital on Thursday, September 3 with “Equal-Weight”. On Tuesday, August 18 the stock rating was upgraded by UBS to “Buy”. The company was downgraded on Tuesday, June 21 by Bank of America.
According to Zacks Investment Research, “BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in several countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar, PSA and VW Group. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.36, from 0.8 in 2016Q1. The ratio increased, as 57 funds sold all BorgWarner Inc. shares owned while 146 reduced positions. 40 funds bought stakes while 122 increased positions. They now own 182.28 million shares or 6.04% less from 193.99 million shares in 2016Q1.
Amica Retiree Medical Tru owns 1,759 shares or 0.04% of their US portfolio. Bridgewater Assocs Lp has 0.07% invested in the company for 188,546 shares. Whitnell And last reported 0.01% of its portfolio in the stock. Kbc Gru Nv reported 14,247 shares or 0.01% of all its holdings. State Of Wisconsin Investment Board owns 144,670 shares or 0.02% of their US portfolio. Moreover, Amer Century Cos Inc has 0.02% invested in BorgWarner Inc. (NYSE:BWA) for 627,370 shares. Gateway Investment Advisers Ltd Liability Company reported 18,768 shares or 0% of all its holdings. Caisse De Depot Et Placement Du Quebec holds 0.01% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 109,489 shares. Lenox Wealth Mgmt Inc has invested 0.02% of its portfolio in BorgWarner Inc. (NYSE:BWA). Jarislowsky Fraser Limited accumulated 1.21 million shares or 0.29% of the stock. Regions Finance Corporation has 18,997 shares for 0.01% of their US portfolio. Deroy & Devereaux Private Counsel has 0.05% invested in the company for 12,000 shares. Mercer Cap Advisers has 400 shares for 0.01% of their US portfolio. Ig Investment Management Ltd accumulated 0% or 22,000 shares. Moreover, State Street Corporation has 0.03% invested in BorgWarner Inc. (NYSE:BWA) for 9.19M shares.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 5 insider sales for $1.75 million net activity. Another trade for 16,240 shares valued at $548,433 was sold by Ericson Brady D. The insider Cuneo Dennis C sold 2,500 shares worth $83,829. McGill Thomas J. had sold 5,000 shares worth $159,152.
More news for BorgWarner Inc. (NYSE:BWA) were recently published by: Prnewswire.com, which released: “BorgWarner Declares Quarterly Dividend” on November 09, 2016. Fool.com‘s article titled: “BorgWarner Inc. Q3 Earnings: Good Execution, but Questions Remain” and published on October 28, 2016 is yet another important article.
BWA Company Profile
BorgWarner Inc., incorporated on May 4, 1987, is a supplier of engineered automotive systems and components primarily for powertrain applications. The Firm operates through two divisions: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Firm makes and sells the products across the world, to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). The Firm sells the products to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). The Firm makes and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Firm operates manufacturing facilities serving clients in the Americas, Europe, Africa and Asia.
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