BorgWarner Inc. (NYSE:BWA) Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its stake in BorgWarner Inc. (NYSE:BWA) by 31.9% in the fourth quarter, HoldingsChannel reports. The firm owned 26,573 shares of the auto parts company’s stock after purchasing an additional 6,431 shares during the period. Jump Financial LLC’s holdings in BorgWarner were worth $845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner in the fourth quarter worth approximately $45,000. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in BorgWarner during the 4th quarter valued at $59,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the third quarter valued at $62,000. Finally, Principal Securities Inc. boosted its position in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the topic of several recent analyst reports. Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Piper Sandler reduced their price target on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. TD Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Barclays dropped their price objective on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Finally, BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock worth $1,347,701. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $26.31 on Tuesday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23. The company has a fifty day simple moving average of $28.33 and a 200 day simple moving average of $31.47. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market cap of $5.78 billion, a P/E ratio of 18.40, a P/E/G ratio of 0.77 and a beta of 1.12.

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 the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current 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. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.