Blackston Financial Advisory Group LLC Takes $215,000 Position in BorgWarner Inc. (NYSE:BWA)

Blackston Financial Advisory Group LLC bought a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,914 shares of the auto parts company’s stock, valued at approximately $215,000.

A number of other hedge funds have also added to or reduced their stakes in BWA. SG Americas Securities LLC grew its holdings in shares of BorgWarner by 59.2% in the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after acquiring an additional 15,883 shares in the last quarter. Bessemer Group Inc. increased its position in shares of BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after purchasing an additional 18,640 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of BorgWarner by 419.7% during the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after purchasing an additional 53,721 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of BorgWarner by 33.4% in the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock valued at $4,790,000 after buying an additional 34,488 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of BorgWarner by 43.9% in the first quarter. Hennessy Advisors Inc. now owns 92,100 shares of the auto parts company’s stock valued at $3,200,000 after buying an additional 28,100 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Activity

In related news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % 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.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $33.51 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $39.10. The company has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $33.89.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.35 earnings per share. Analysts forecast that BorgWarner Inc. will post 4.1 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup lowered their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, UBS Group boosted their target price on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

About BorgWarner

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.