EdgeRock Capital LLC Makes New $30,000 Investment in BorgWarner Inc. (NYSE:BWA)

EdgeRock Capital LLC bought a new position in BorgWarner Inc. (NYSE:BWA) in the fourth quarter, HoldingsChannel reports. The fund bought 868 shares of the auto parts company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. Headlands Technologies LLC purchased a new stake in BorgWarner in the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC purchased a new stake in BorgWarner in the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC acquired a new position in shares of BorgWarner during the 4th quarter worth $33,000. Trust Co. of Vermont increased its stake in shares of BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 980 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of BorgWarner during the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the sale, the vice president now owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares in the company, valued at approximately $3,678,017.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the sale, the vice president now owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 287,503 shares of company stock valued at $9,015,478. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

BWA traded up $0.72 during midday trading on Wednesday, reaching $37.52. The company’s stock had a trading volume of 3,101,197 shares, compared to its average volume of 2,897,939. The stock has a market cap of $8.55 billion, a P/E ratio of 13.94, a PEG ratio of 1.08 and a beta of 1.30. The company has a fifty day simple moving average of $33.35 and a 200 day simple moving average of $33.67. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the firm earned $1.09 EPS. BorgWarner’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that BorgWarner Inc. will post 3.94 earnings per share for the current year.

BorgWarner announced that its Board of Directors has approved a stock buyback plan on Thursday, May 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BWA shares. Citigroup increased their target price on shares of BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday. TD Cowen raised their price objective on BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Barclays boosted their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average price target of $43.76.

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.