37,639 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Proficio Capital Partners LLC

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

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

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value 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 company insiders.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on BWA. Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective 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. Finally, Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus target price of $39.73.

BorgWarner Stock Down 1.9 %

BWA traded down $0.57 on Tuesday, hitting $29.29. 3,413,821 shares of the company were exchanged, compared to its average volume of 2,479,929. The firm has a 50-day moving average price of $30.93 and a two-hundred day moving average price of $32.87. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $27.90 and a twelve month high of $38.23. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly 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%. On average, equities analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 1.50%. The ex-dividend date is Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

BorgWarner Company 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.