Edgestream Partners L.P. Sells 86,172 Shares of BorgWarner Inc. $BWA

Edgestream Partners L.P. decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 44.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,429 shares of the auto parts company’s stock after selling 86,172 shares during the quarter. Edgestream Partners L.P.’s holdings in BorgWarner were worth $3,664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lido Advisors LLC acquired a new stake in shares of BorgWarner in the second quarter valued at $380,000. New York State Common Retirement Fund grew its holdings in BorgWarner by 1.8% during the 2nd quarter. New York State Common Retirement Fund now owns 469,940 shares of the auto parts company’s stock worth $15,734,000 after acquiring an additional 8,109 shares during the last quarter. Schroder Investment Management Group increased its position in BorgWarner by 654.6% in the 2nd quarter. Schroder Investment Management Group now owns 95,695 shares of the auto parts company’s stock valued at $3,204,000 after acquiring an additional 83,014 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of BorgWarner by 34,113.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 360,267 shares of the auto parts company’s stock worth $12,062,000 after acquiring an additional 359,214 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of BorgWarner during the second quarter worth approximately $110,234,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the transaction, the vice president directly owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the sale, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 23,200 shares of company stock valued at $1,054,336. Corporate insiders own 0.63% of the company’s stock.

BorgWarner Stock Down 0.1%

Shares of BorgWarner stock opened at $43.19 on Thursday. The business has a fifty day simple moving average of $43.50 and a 200 day simple moving average of $39.58. The stock has a market cap of $9.24 billion, a PE ratio of 68.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $46.39.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.6%. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

Analyst Ratings Changes

A number of analysts recently weighed in on BWA shares. The Goldman Sachs Group raised their price target on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 29th. Barclays increased their price objective on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their target price on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Morgan Stanley raised their price target on BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Finally, Bank of America cut BorgWarner from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $41.00 to $46.00 in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $46.08.

About BorgWarner

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.