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

Blackston Financial Advisory Group LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,914 shares of the auto parts company’s stock, valued at approximately $215,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in BorgWarner by 2.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 63,608 shares of the auto parts company’s stock valued at $2,210,000 after acquiring an additional 1,579 shares during the last quarter. Hennessy Advisors Inc. increased its stake in shares of BorgWarner by 43.9% in the 1st quarter. Hennessy Advisors Inc. now owns 92,100 shares of the auto parts company’s stock valued at $3,200,000 after acquiring an additional 28,100 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its position in shares of BorgWarner by 91.0% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 15,681 shares of the auto parts company’s stock valued at $545,000 after acquiring an additional 7,472 shares during the period. Leeward Investments LLC MA lifted its position in shares of BorgWarner by 3.5% during the 1st quarter. Leeward Investments LLC MA now owns 198,896 shares of the auto parts company’s stock valued at $6,910,000 after acquiring an additional 6,807 shares during the period. Finally, LifePlan Financial LLC boosted its stake in BorgWarner by 10.8% during the first quarter. LifePlan Financial LLC now owns 34,570 shares of the auto parts company’s stock worth $1,201,000 after acquiring an additional 3,383 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BWA. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $36.00 target price on shares of BorgWarner in a research report on Tuesday, September 10th. Finally, Barclays increased their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

BorgWarner Stock Up 0.2 %

Shares of NYSE:BWA opened at $33.51 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $39.10. The company has a market capitalization of $7.63 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The business has a fifty day moving average price of $33.97 and a two-hundred day moving average price of $33.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26.

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

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the business’s 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 completion of the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

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.