Shares of BorgWarner Inc. (NYSE:BWA) reached a new 52-week high on Wednesday . The company traded as high as $58.10 and last traded at $56.32, with a volume of 1635400 shares traded. The stock had previously closed at $57.23.

BWA has been the topic of a number of recent research reports. Deutsche Bank lowered BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a research report on Thursday, October 12th. Citigroup upped their price objective on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Oppenheimer initiated coverage on BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price on the stock. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $61.00 target price on shares of BorgWarner in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.88.

The company has a market cap of $12,210.00, a price-to-earnings ratio of 41.96, a P/E/G ratio of 1.62 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. sell-side analysts forecast that BorgWarner Inc. will post 3.83 EPS for the current year.

In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the transaction, the vice president now owns 16,197 shares of the company’s stock, valued at $847,912.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now directly owns 63,937 shares in the company, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Zeke Capital Advisors LLC acquired a new stake in shares of BorgWarner during the third quarter worth about $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of BorgWarner during the third quarter worth about $202,000. Rothschild Investment Corp IL acquired a new stake in shares of BorgWarner during the third quarter worth about $205,000. Reliance Trust Co. of Delaware acquired a new stake in shares of BorgWarner during the third quarter worth about $213,000. Finally, Savant Capital LLC acquired a new stake in shares of BorgWarner during the third quarter worth about $213,000. 95.16% of the stock is currently owned by institutional investors.

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About BorgWarner

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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