Virtu Financial LLC acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,018 shares of the auto parts company’s stock, valued at approximately $256,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. BP PLC grew its stake in BorgWarner by 212.0% during the 4th quarter. BP PLC now owns 78,000 shares of the auto parts company’s stock valued at $3,984,000 after purchasing an additional 53,000 shares in the last quarter. Prudential Financial Inc. grew its stake in BorgWarner by 154.3% during the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock valued at $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. Janus Henderson Group PLC grew its stake in BorgWarner by 37.3% during the 3rd quarter. Janus Henderson Group PLC now owns 62,635 shares of the auto parts company’s stock valued at $3,209,000 after purchasing an additional 17,021 shares in the last quarter. Toronto Dominion Bank grew its stake in BorgWarner by 11.4% during the 3rd quarter. Toronto Dominion Bank now owns 75,840 shares of the auto parts company’s stock valued at $3,885,000 after purchasing an additional 7,746 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in BorgWarner during the 3rd quarter valued at approximately $642,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.
In related news, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
BorgWarner Inc. (BWA) opened at $51.44 on Friday. The company has a market capitalization of $10,670.68, a P/E ratio of 13.03, a PEG ratio of 1.38 and a beta of 1.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.15. BorgWarner Inc. has a 12-month low of $37.54 and a 12-month high of $58.22.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. research analysts expect that BorgWarner Inc. will post 4.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. BorgWarner’s dividend payout ratio is currently 32.85%.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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