Shares of BorgWarner Inc. (NYSE:BWA) gapped up before the market opened on Thursday . The stock had previously closed at $32.13, but opened at $32.26. BorgWarner shares last traded at $32.96, with a volume of 888,567 shares trading hands.

Several brokerages recently issued reports on BWA. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Wells Fargo & Co. downgraded BorgWarner to a “buy” rating in a research note on Wednesday, April 27th. TheStreet raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Royal Bank Of Canada reissued a “hold” rating on shares of BorgWarner in a research note on Saturday, April 2nd. Finally, Bank of America Corp. downgraded BorgWarner from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.92.

The firm’s 50 day moving average price is $31.95 and its 200 day moving average price is $33.73. The stock has a market capitalization of $7.22 billion and a price-to-earnings ratio of 12.50.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, April 28th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. During the same period in the previous year, the company earned $0.78 EPS. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.22 billion. BorgWarner’s revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that BorgWarner Inc. will post $3.23 earnings per share for the current year.

In other news, CFO Ronald T. Hundzinski sold 3,721 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $35.06, for a total value of $130,458.26. Following the completion of the sale, the chief financial officer now directly owns 132,947 shares in the company, valued at $4,661,121.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis C. Cuneo sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $33.53, for a total value of $83,825.00. Following the completion of the sale, the director now owns 21,407 shares of the company’s stock, valued at $717,776.71. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of BWA. KBC Group NV raised its stake in BorgWarner by 40.4% in the fourth quarter. KBC Group NV now owns 24,943 shares of the company’s stock worth $1,078,000 after buying an additional 7,174 shares during the period. Cedar Hill Associates LLC raised its stake in BorgWarner by 0.4% in the fourth quarter. Cedar Hill Associates LLC now owns 178,825 shares of the company’s stock worth $7,731,000 after buying an additional 800 shares during the period. Dean Investment Associates LLC raised its stake in BorgWarner by 531.6% in the fourth quarter. Dean Investment Associates LLC now owns 84,110 shares of the company’s stock worth $3,636,000 after buying an additional 70,793 shares during the period. Homrich & Berg raised its stake in BorgWarner by 0.8% in the fourth quarter. Homrich & Berg now owns 24,102 shares of the company’s stock worth $1,042,000 after buying an additional 190 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in BorgWarner by 19.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 7,401,984 shares of the company’s stock worth $319,988,000 after buying an additional 1,216,886 shares during the period.

BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: 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.

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