Edgestream Partners L.P. Has $6.74 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Edgestream Partners L.P. raised its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 95.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,085 shares of the auto parts company's stock after acquiring an additional 103,825 shares during the quarter. Edgestream Partners L.P. owned 0.10% of BorgWarner worth $6,742,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner during the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner in the 3rd quarter valued at approximately $62,000. Finally, Principal Securities Inc. boosted its position in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after purchasing an additional 720 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Down 1.9 %

NYSE BWA traded down $0.57 during trading hours on Tuesday, hitting $29.29. The company had a trading volume of 3,413,992 shares, compared to its average volume of 2,479,929. The firm's 50 day moving average is $30.93 and its 200 day moving average is $32.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $38.23. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 0.77 and a beta of 1.21.

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BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction 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 $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief accounting officer now owns 259,310 shares of the company's stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BWA. Barclays lowered their target price on BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group lowered their price target on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI decreased their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and an average target price of $39.73.

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.