Jump Financial LLC Buys Shares of 18,648 BorgWarner Inc. (NYSE:BWA)

Jump Financial LLC purchased a new stake in BorgWarner Inc. (NYSE:BWAFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 18,648 shares of the auto parts company’s stock, valued at approximately $753,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BWA. Boston Partners acquired a new stake in shares of BorgWarner during the second quarter worth approximately $161,247,000. Norges Bank acquired a new stake in BorgWarner during the fourth quarter valued at $92,430,000. Nuveen Asset Management LLC boosted its position in BorgWarner by 351.3% during the second quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock valued at $131,033,000 after purchasing an additional 2,085,433 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in BorgWarner during the second quarter valued at $75,483,000. Finally, Invesco Ltd. boosted its position in BorgWarner by 24.7% during the first quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock valued at $141,495,000 after purchasing an additional 720,690 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BWA. Morgan Stanley reduced their price target on BorgWarner from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, November 14th. Guggenheim raised shares of BorgWarner from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Thursday, November 16th. The Goldman Sachs Group decreased their price target on BorgWarner from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Robert W. Baird downgraded BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Finally, Citigroup decreased their target price on BorgWarner from $48.00 to $44.75 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.70.

Check Out Our Latest Analysis on BorgWarner

BorgWarner Trading Down 0.7 %

BorgWarner stock opened at $33.83 on Thursday. The business has a 50 day moving average price of $34.20 and a two-hundred day moving average price of $37.36. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.32. BorgWarner Inc. has a 12 month low of $31.63 and a 12 month high of $51.14.

BorgWarner Company Profile

(Free Report)

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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