BorgWarner Inc. (NYSE:BWA) Shares Acquired by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC lifted its position in BorgWarner Inc. (NYSE:BWA) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,404 shares of the auto parts company’s stock after buying an additional 490 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in BorgWarner were worth $204,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BWA. Pacer Advisors Inc. increased its stake in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the period. Swedbank AB increased its stake in BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in BorgWarner by 3,195.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock worth $18,366,000 after buying an additional 568,594 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in BorgWarner by 19.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after buying an additional 445,540 shares during the period. Finally, Bridgewater Associates LP grew its stake in shares of BorgWarner by 4,509.5% in the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after acquiring an additional 370,726 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the topic of several analyst reports. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.57.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

BorgWarner Trading Down 2.5 %

NYSE BWA opened at $29.49 on Friday. The firm’s fifty day moving average price is $31.48 and its 200 day moving average price is $33.05. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.