Virtu Financial LLC Makes New $378,000 Investment in BorgWarner Inc. (NYSE:BWA)

Virtu Financial LLC bought a new position in shares of BorgWarner Inc. (NYSE:BWA) in the fourth quarter, HoldingsChannel reports. The firm bought 11,891 shares of the auto parts company’s stock, valued at approximately $378,000.

Several other large investors also recently modified their holdings of the business. TD Private Client Wealth LLC lifted its holdings in BorgWarner by 126.2% in the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock worth $76,000 after buying an additional 1,326 shares during the period. Blueshift Asset Management LLC purchased a new stake in BorgWarner in the fourth quarter worth $411,000. iA Global Asset Management Inc. boosted its holdings in BorgWarner by 489.4% in the fourth 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 in the last quarter. Magnetar Financial LLC bought a new stake in BorgWarner in the fourth quarter valued at $1,362,000. Finally, Teacher Retirement System of Texas raised its holdings in 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 in the last quarter. 95.67% of the stock is owned by institutional investors.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last ninety days. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 2.6 %

NYSE:BWA opened at $30.26 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The firm has a market cap of $6.65 billion, a P/E ratio of 21.16, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The firm 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 announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating 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%. Analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

Analysts Set New Price Targets

BWA has been the topic of a number of research reports. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group cut their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Piper Sandler decreased their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

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.