42,858 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 42,858 shares of the auto parts company’s stock, valued at approximately $1,362,000.

A number of other large investors have also recently bought and sold shares of BWA. CIBC Asset Management Inc boosted its stake in BorgWarner by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 31,999 shares of the auto parts company’s stock worth $1,161,000 after purchasing an additional 2,451 shares during the period. Thrivent Financial for Lutherans boosted its stake in BorgWarner by 786.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company’s stock worth $3,095,000 after purchasing an additional 75,671 shares during the period. Meeder Asset Management Inc. boosted its stake in BorgWarner by 336.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,516 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 1,940 shares during the period. Prospera Financial Services Inc boosted its stake in BorgWarner by 7.1% during the 3rd quarter. Prospera Financial Services Inc now owns 11,892 shares of the auto parts company’s stock worth $432,000 after purchasing an additional 787 shares during the period. Finally, Banque Cantonale Vaudoise lifted its stake in shares of BorgWarner by 20.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,353 shares of the auto parts company’s stock worth $376,000 after acquiring an additional 1,726 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA opened at $28.97 on Friday. 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 stock has a market cap of $6.33 billion, a P/E ratio of 20.26, a PEG ratio of 0.77 and a beta of 1.21. The company has a 50-day moving average of $30.40 and a two-hundred day moving average of $32.58. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month high of $38.23.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BWA shares. BNP Paribas upgraded 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. Morgan Stanley reduced their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Piper Sandler reduced their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, TD Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $39.06.

Insider Activity

In other news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 over the last 90 days. 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.