Virtu Financial LLC Takes Position in BorgWarner Inc. (NYSE:BWA)

Virtu Financial LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,891 shares of the auto parts company’s stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BWA. TD Private Client Wealth LLC raised its stake in shares of BorgWarner by 126.2% during the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock worth $76,000 after purchasing an additional 1,326 shares during the period. Blueshift Asset Management LLC purchased a new position in BorgWarner in the fourth quarter valued at about $411,000. iA Global Asset Management Inc. grew its position in shares of BorgWarner by 489.4% during the 4th quarter. iA Global Asset Management Inc. now owns 51,937 shares of the auto parts company’s stock valued at $1,651,000 after acquiring an additional 43,125 shares during the period. Magnetar Financial LLC purchased a new stake in shares of BorgWarner during the 4th quarter worth approximately $1,362,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of BorgWarner by 25.9% in the 4th quarter. Teacher Retirement System of Texas now owns 140,546 shares of the auto parts company’s stock worth $4,468,000 after purchasing an additional 28,936 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 2.6 %

Shares of BorgWarner stock opened at $30.26 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The firm has a market cap of $6.65 billion, a PE ratio of 21.16, a PEG ratio of 0.77 and a beta of 1.21. The company has a 50 day simple moving average of $30.23 and a two-hundred day simple moving average of $32.48.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.45%. BorgWarner’s payout ratio is 30.77%.

Insiders Place Their Bets

In related news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The shares were 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 approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction 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. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 over the last quarter. 0.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays reduced their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Guggenheim set a $38.00 price target on BorgWarner in a research note on Wednesday, March 5th. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $39.06.

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.