8,819 Shares in BorgWarner Inc. (NYSE:BWA) Purchased by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,819 shares of the auto parts company’s stock, valued at approximately $280,000.

A number of other large investors also recently bought and sold shares of the stock. Raymond James & Associates lifted its stake in shares of BorgWarner by 8.0% in the 3rd quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company’s stock valued at $6,968,000 after purchasing an additional 14,165 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in BorgWarner by 51.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,794 shares of the auto parts company’s stock valued at $646,000 after buying an additional 6,076 shares in the last quarter. Private Advisor Group LLC raised its position in shares of BorgWarner by 8.4% in the third quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 549 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of BorgWarner during the 3rd quarter worth about $11,960,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of BorgWarner by 74.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,409 shares of the auto parts company’s stock valued at $640,000 after acquiring an additional 7,414 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

BWA stock opened at $29.72 on Tuesday. BorgWarner Inc. has a 1 year low of $28.65 and a 1 year 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 firm has a market capitalization of $6.50 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The business has a 50 day simple moving average of $31.42 and a 200-day simple moving average of $33.05.

BorgWarner (NYSE:BWA) last issued its earnings results 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 return on equity of 15.93% and a net margin of 2.40%. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWA. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays reduced their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.57.

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.