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

EdgeRock Capital LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 868 shares of the auto parts company’s stock, valued at approximately $30,000.

Several other large investors also recently bought and sold shares of BWA. Cambridge Investment Research Advisors Inc. increased its stake in BorgWarner by 15.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,583 shares of the auto parts company’s stock worth $710,000 after buying an additional 2,323 shares in the last quarter. Raymond James & Associates increased its stake in BorgWarner by 4.7% during the 3rd quarter. Raymond James & Associates now owns 459,318 shares of the auto parts company’s stock worth $18,543,000 after buying an additional 20,536 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BorgWarner by 2.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 64,887 shares of the auto parts company’s stock worth $2,619,000 after purchasing an additional 1,339 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BorgWarner by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,166,308 shares of the auto parts company’s stock worth $87,454,000 after purchasing an additional 76,659 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of BorgWarner by 10.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 52,920 shares of the auto parts company’s stock worth $2,136,000 after purchasing an additional 4,801 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

NYSE BWA traded up $0.72 during trading hours on Wednesday, hitting $37.52. The company had a trading volume of 3,101,197 shares, compared to its average volume of 2,897,939. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The company has a market cap of $8.55 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The business has a 50 day moving average of $33.35 and a 200-day moving average of $33.67.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. BorgWarner’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that BorgWarner Inc. will post 3.94 EPS for the current year.

BorgWarner Announces Dividend

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

BorgWarner announced that its Board of Directors has approved a share 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BWA shares. Citigroup boosted their target price on BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday. TD Cowen boosted their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Monday. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. decreased their price objective on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.76.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,503 shares of company stock worth $9,015,478. Company insiders own 0.45% of the company’s stock.

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.