BorgWarner Inc. (NYSE:BWA) was the target of unusually large options trading activity on Tuesday. Traders bought 2,174 call options on the company. This is an increase of approximately 1,420% compared to the average daily volume of 143 call options.
Shares of BorgWarner (BWA) opened at $50.83 on Wednesday. BorgWarner has a 1 year low of $37.54 and a 1 year high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. The stock has a market cap of $10,689.63, a price-to-earnings ratio of 13.05, a PEG ratio of 1.24 and a beta of 1.86.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. sell-side analysts forecast that BorgWarner will post 4.27 earnings per share for the current year.
BWA has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on shares of BorgWarner in a research report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price for the company. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $61.00 target price on shares of BorgWarner in a research report on Wednesday, December 20th. Barclays reaffirmed a “hold” rating and issued a $58.00 target price on shares of BorgWarner in a research report on Sunday, January 21st. Finally, ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $52.53.
In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the sale, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of BorgWarner during the 4th quarter valued at $119,000. Advisors Preferred LLC purchased a new position in shares of BorgWarner during the 4th quarter valued at $119,000. Calton & Associates Inc. purchased a new position in shares of BorgWarner during the 4th quarter valued at $150,000. Zeke Capital Advisors LLC purchased a new position in shares of BorgWarner during the 3rd quarter valued at $201,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of BorgWarner during the 3rd quarter valued at $202,000. 95.71% of the stock is owned by hedge funds and other institutional investors.
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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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