Edgestream Partners L.P. Reduces Holdings in BorgWarner Inc. (NYSE:BWA)

Edgestream Partners L.P. decreased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 44.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,260 shares of the auto parts company's stock after selling 85,473 shares during the period. Edgestream Partners L.P.'s holdings in BorgWarner were worth $3,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Matrix Trust Co purchased a new stake in BorgWarner during the third quarter valued at about $25,000. LRI Investments LLC raised its holdings in shares of BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock valued at $31,000 after buying an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of BorgWarner during the 2nd quarter valued at about $32,000. Brooklyn Investment Group purchased a new stake in BorgWarner in the third quarter worth approximately $32,000. Finally, Olistico Wealth LLC bought a new position in BorgWarner during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Trading Up 0.1 %

Shares of BWA stock traded up $0.04 on Friday, hitting $34.32. The stock had a trading volume of 1,041,393 shares, compared to its average volume of 1,928,417. The company's 50 day moving average price is $34.57 and its 200-day moving average price is $33.80. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The firm has a market capitalization of $7.51 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business's quarterly revenue was down 4.8% on a year-over-year basis. Analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BWA shares. Evercore ISI upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Finally, The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, BorgWarner has an average rating of "Moderate Buy" and a consensus target price of $41.21.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 21,500 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now owns 32,366 shares of the company's stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 in the last three months. 0.45% of the stock is owned by corporate insiders.

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.