Proficio Capital Partners LLC Makes New Investment in BorgWarner Inc. (NYSE:BWA)

Proficio Capital Partners LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,639 shares of the auto parts company’s stock, valued at approximately $1,197,000.

Several other hedge funds and other institutional investors have also modified their holdings of BWA. Brooklyn Investment Group purchased a new stake in shares of BorgWarner during the third quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at $38,000. Avior Wealth Management LLC boosted its stake in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the 3rd quarter worth $62,000. Finally, Principal Securities Inc. boosted its stake in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 720 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BWA. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays cut their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Evercore ISI dropped their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday. Finally, Guggenheim reiterated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.93.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, 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 value 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 approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

BorgWarner Trading Up 1.6 %

Shares of BWA stock opened at $29.85 on Friday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $38.22. The firm’s 50 day moving average price is $30.97 and its two-hundred day moving average price is $32.90.

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

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. BorgWarner’s dividend payout ratio (DPR) is presently 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.