Proficio Capital Partners LLC Purchases Shares of 37,639 BorgWarner Inc. (NYSE:BWA)

Proficio Capital Partners LLC bought a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,639 shares of the auto parts company's stock, valued at approximately $1,197,000.

Other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in shares of BorgWarner by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 31,999 shares of the auto parts company's stock worth $1,161,000 after purchasing an additional 2,451 shares during the period. Thrivent Financial for Lutherans increased its holdings in BorgWarner by 786.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company's stock worth $3,095,000 after purchasing an additional 75,671 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in BorgWarner by 336.8% in the third quarter. Meeder Asset Management Inc. now owns 2,516 shares of the auto parts company's stock valued at $91,000 after acquiring an additional 1,940 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of BorgWarner by 7.1% in the 3rd quarter. Prospera Financial Services Inc now owns 11,892 shares of the auto parts company's stock valued at $432,000 after purchasing an additional 787 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in BorgWarner by 20.0% during the third quarter. Banque Cantonale Vaudoise now owns 10,353 shares of the auto parts company's stock valued at $376,000 after buying an additional 1,726 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale 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 business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 over the last 90 days. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BWA has been the topic of a number of recent research reports. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their price target on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. StockNews.com lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. Finally, Piper Sandler cut their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and a consensus price target of $39.06.

BorgWarner Stock Up 2.7 %

Shares of BorgWarner stock traded up $0.77 during trading on Monday, hitting $29.47. 3,191,804 shares of the stock traded hands, compared to its average volume of 2,646,405. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market cap of $6.47 billion, a P/E ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The company has a fifty day moving average price of $30.36 and a two-hundred day moving average price of $32.53.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. Equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.49%. BorgWarner's dividend payout ratio (DPR) is currently 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.