Edgestream Partners L.P. Trims Stock Position in BorgWarner Inc. (NYSE:BWA)

Edgestream Partners L.P. trimmed its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,601 shares of the auto parts company's stock after selling 16,484 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of BorgWarner worth $5,604,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its stake in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after buying an additional 523 shares in the last quarter. LRI Investments LLC lifted its stake in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after buying an additional 909 shares in the last quarter. Allworth Financial LP lifted its stake in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock valued at $41,000 after buying an additional 793 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner in the fourth quarter valued at $45,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of BorgWarner by 596.1% in the first quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock valued at $46,000 after buying an additional 1,371 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BWA shares. Guggenheim dropped their price objective 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. UBS Group raised their price target on shares of BorgWarner from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday. Barclays raised their price target on shares of BorgWarner from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday. Wall Street Zen raised shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and raised their price target for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.07.

Insider Activity

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

BorgWarner Stock Performance

BWA stock traded up $0.17 during mid-day trading on Wednesday, hitting $35.16. The company had a trading volume of 1,264,654 shares, compared to its average volume of 2,699,517. The firm has a market cap of $7.72 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. 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. The stock's fifty day moving average price is $33.52 and its two-hundred day moving average price is $30.88.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. BorgWarner's payout ratio is 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.