Virtu Financial LLC Makes New $1.02 Million Investment in BorgWarner Inc. (NYSE:BWA)

Virtu Financial LLC acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,526 shares of the auto parts company’s stock, valued at approximately $1,016,000.

Several other large investors have also modified their holdings of BWA. Principal Securities Inc. acquired a new stake in shares of BorgWarner during the fourth quarter worth $46,000. Janney Montgomery Scott LLC purchased a new position in BorgWarner in the 4th quarter worth about $1,018,000. Panagora Asset Management Inc. raised its holdings in BorgWarner by 12.7% during the 4th quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock worth $543,000 after buying an additional 1,709 shares during the period. Independent Advisor Alliance lifted its stake in BorgWarner by 4.2% during the fourth quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock valued at $315,000 after buying an additional 353 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of BorgWarner in the fourth quarter worth about $75,489,000. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BWA shares. Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $36.00 target price on shares of BorgWarner in a research note on Tuesday, September 10th. Barclays raised their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. UBS Group upped their price target on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $41.07.

BorgWarner Stock Down 0.5 %

BorgWarner stock opened at $32.73 on Thursday. The company has a market capitalization of $7.46 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.87 and a beta of 1.20. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $42.27. The firm’s fifty day simple moving average is $32.83 and its 200-day simple moving average is $33.57. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52.

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

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Insider Activity

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

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.