BorgWarner Inc. (NYSE:BWA) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its stake in BorgWarner Inc. (NYSE:BWA) by 381.4% in the 1st quarter, Holdings Channel reports. The firm owned 46,038 shares of the auto parts company’s stock after buying an additional 36,475 shares during the quarter. Lecap Asset Management Ltd.’s holdings in BorgWarner were worth $1,319,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BWA. Norges Bank acquired a new stake in shares of BorgWarner during the fourth quarter valued at about $62,180,000. Bank of America Corp DE grew its stake in shares of BorgWarner by 91.9% during the fourth quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock valued at $123,311,000 after acquiring an additional 1,857,907 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of BorgWarner by 8,137.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock valued at $41,297,000 after acquiring an additional 1,283,287 shares in the last quarter. LSV Asset Management grew its stake in shares of BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after acquiring an additional 792,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BorgWarner by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock valued at $358,720,000 after acquiring an additional 753,344 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWA has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Guggenheim lowered their target price on BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. UBS Group raised their target price on BorgWarner from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Tuesday, March 18th. Finally, Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Seven 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, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $37.47.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $33.14 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $31.48 and its two-hundred day moving average price is $30.68. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The stock has a market capitalization of $7.28 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.47 and a beta of 1.10.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the company posted $1.03 earnings per share. BorgWarner’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. BorgWarner’s dividend payout ratio is currently 35.20%.

Insiders Place Their Bets

In other news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president now owns 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the vice president now directly owns 63,445 shares in the company, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

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.