The stock of BorgWarner Inc. (NYSE:BWA) is a huge mover today! About 1.11M shares traded hands. BorgWarner Inc. (NYSE:BWA) has declined 2.33% since April 28, 2016 and is downtrending. It has underperformed by 8.26% the S&P500.
The move comes after 6 months positive chart setup for the $8.15B company. It was reported on Dec, 1 by Barchart.com. We have $39.25 PT which if reached, will make NYSE:BWA worth $489.00M more.
Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on February, 9. They expect $0.85 EPS, up 13.33% or $0.10 from last year’s $0.75 per share. BWA’s profit will be $187.08 million for 10.89 P/E if the $0.85 EPS becomes a reality. After $0.78 actual EPS reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.
BorgWarner Inc. (NYSE:BWA) Ratings Coverage
Out of 14 analysts covering Borgwarner Inc. (NYSE:BWA), 3 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 21% are positive. Borgwarner Inc. has been the topic of 31 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Citigroup downgraded it to “Neutral” rating and $37 target price in Tuesday, March 29 report. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, September 11 report. The firm earned “Underperform” rating on Wednesday, November 9 by Bank of America. As per Wednesday, November 18, the company rating was upgraded by Goldman Sachs. The company was downgraded on Tuesday, February 16 by Sterne Agee CRT. As per Tuesday, June 21, the company rating was downgraded by Bank of America. The stock of BorgWarner Inc. (NYSE:BWA) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 12. The stock of BorgWarner Inc. (NYSE:BWA) earned “Positive” rating by Susquehanna on Thursday, August 27. The stock of BorgWarner Inc. (NYSE:BWA) has “Sector Perform” rating given on Friday, October 30 by RBC Capital Markets. On Wednesday, January 27 the stock rating was upgraded by Robert W. Baird to “Outperform”.
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.
Bokf Na, a Oklahoma-based fund reported 8,512 shares. Castleark Ltd Llc reported 10,340 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage holds 0.04% or 284,875 shares in its portfolio. Bluecrest Capital Mngmt Limited holds 0.08% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 68,807 shares. Massmutual Tru Fsb Adv reported 15 shares or 0% of all its holdings. Dekabank Deutsche Girozentrale has 0.03% invested in the company for 77,261 shares. Verition Fund Mngmt Limited Liability Corp has invested 0.05% of its portfolio in BorgWarner Inc. (NYSE:BWA). State Of Wisconsin Investment Board has 0.02% invested in the company for 144,670 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.37% of its portfolio in BorgWarner Inc. (NYSE:BWA). Herndon Cap Mngmt Lc holds 0% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 20 shares. Fulton Financial Bank Na reported 13,839 shares or 0.04% of all its holdings. Tokio Marine Asset Management Ltd last reported 0.04% of its portfolio in the stock. Archford Capital Strategies Lc accumulated 0% or 162 shares. Voya Inv Management Limited Company accumulated 129,122 shares or 0.01% of the stock. Advsr Asset Management Incorporated has 0% invested in the company for 6,743 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 4 sales for $1.67 million net activity. McGill Thomas J. also sold $159,152 worth of BorgWarner Inc. (NYSE:BWA) on Tuesday, August 2. $577,228 worth of BorgWarner Inc. (NYSE:BWA) was sold by Ericson Brady D on Friday, August 26.
More important recent BorgWarner Inc. (NYSE:BWA) news were published by: Benzinga.com which released: “Jefferies Favors BorgWarner And Delphi, Neutral On Tenneco” on November 30, 2016, also Prnewswire.com published article titled: “BorgWarner Declares Quarterly Dividend”, Prnewswire.com published: “BorgWarner Launches its First Integrated Electric Drive Module for the …” on November 16, 2016. More interesting news about BorgWarner Inc. (NYSE:BWA) was released by: Prnewswire.com and their article: “BorgWarner Names Patrick Nolan Vice President of Investor Relations” with publication date: November 14, 2016.
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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