Blackhawk Capital Partners LLC. Invests $280,000 in BorgWarner Inc. (NYSE:BWA)

Blackhawk Capital Partners LLC. purchased a new position in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,819 shares of the auto parts company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in shares of BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after acquiring an additional 25,475 shares during the period. Wellington Management Group LLP increased its holdings in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. Mirabella Financial Services LLP bought a new stake in BorgWarner during the 3rd quarter valued at $908,000. Merit Financial Group LLC lifted its holdings in shares of BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after buying an additional 4,537 shares during the period. Finally, Swedbank AB grew its position in shares of BorgWarner by 236.5% during the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after buying an additional 593,265 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BWA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group dropped their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Evercore ISI lowered their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $40.57.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was 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 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 document filed with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

BWA opened at $29.72 on Tuesday. The company has a market cap of $6.50 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $31.42 and its 200-day moving average price is $33.05. BorgWarner Inc. has a 52-week low of $28.65 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results 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%. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS 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. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.48%. BorgWarner’s dividend payout ratio 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.