Virtu Financial LLC Invests $1.02 Million in BorgWarner Inc. (NYSE:BWA)

Virtu Financial LLC bought a new stake in BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,526 shares of the auto parts company’s stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conscious Wealth Investments LLC increased its holdings in BorgWarner by 0.6% in the 2nd quarter. Conscious Wealth Investments LLC now owns 81,684 shares of the auto parts company’s stock valued at $2,659,000 after buying an additional 478 shares during the period. Edgestream Partners L.P. boosted its position in shares of BorgWarner by 191.2% during the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock valued at $6,246,000 after acquiring an additional 127,212 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after acquiring an additional 1,640,503 shares during the period. Williams Financial LLC acquired a new position in BorgWarner in the second quarter worth about $219,000. Finally, Envestnet Asset Management Inc. lifted its stake in BorgWarner by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 194,802 shares of the auto parts company’s stock worth $6,280,000 after purchasing an additional 3,727 shares during the period. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other 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 value of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the 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 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 Stock Down 0.5 %

NYSE BWA opened at $32.73 on Thursday. The stock has a market capitalization of $7.46 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $42.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The stock has a fifty day moving average of $32.83 and a 200-day moving average of $33.57.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.11 dividend. 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 is currently 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company dropped their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Robert W. Baird boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wolfe Research assumed coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Barclays boosted their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

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.