Edmp Inc. Acquires 8,470 Shares of BorgWarner Inc. (NYSE:BWA)

Edmp Inc. lifted its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,875 shares of the auto parts company's stock after acquiring an additional 8,470 shares during the period. Edmp Inc.'s holdings in BorgWarner were worth $1,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norinchukin Bank The grew its position in BorgWarner by 4.4% in the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after purchasing an additional 402 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of BorgWarner by 26.1% in the first quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock valued at $56,000 after buying an additional 407 shares during the period. Arizona State Retirement System grew its position in BorgWarner by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company's stock worth $2,101,000 after buying an additional 498 shares in the last quarter. Janus Henderson Group PLC grew its position in BorgWarner by 0.4% during the fourth quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock worth $3,580,000 after buying an additional 501 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its stake in BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 523 shares during the period. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America raised their price objective on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Robert W. Baird upped their target price on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Guggenheim decreased their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler reissued an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their price objective for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus target price of $37.47.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president now directly owns 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president now directly owns 214,521 shares in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

BorgWarner Price Performance

BorgWarner stock traded up $0.44 during trading hours on Thursday, hitting $33.59. 2,408,521 shares of the stock were exchanged, compared to its average volume of 2,733,791. The stock has a market capitalization of $7.38 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.47 and a beta of 1.10. The business's 50-day moving average is $31.48 and its two-hundred day moving average is $30.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.31%. BorgWarner's payout ratio is presently 35.20%.

BorgWarner 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.