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

Lecap Asset Management Ltd. lifted its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 381.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BWA. Global X Japan Co. Ltd. grew its holdings in BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after acquiring an additional 523 shares in the last quarter. LRI Investments LLC grew its stake in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner in the fourth quarter valued at $45,000. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner in the fourth quarter valued at $48,000. Finally, UMB Bank n.a. lifted its holdings in BorgWarner by 97.2% during the 1st quarter. UMB Bank n.a. now owns 1,757 shares of the auto parts company's stock worth $50,000 after buying an additional 866 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWA has been the topic of several research analyst reports. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Robert W. Baird raised their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, May 19th. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Tuesday, March 18th. Finally, Barclays reduced their price target on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.47.

Insiders Place Their Bets

In other news, EVP Tonit M. Calaway sold 27,736 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 214,521 shares of the company's stock, valued at $7,042,724.43. This represents a 11.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the vice president now owns 63,445 shares of the company's stock, valued at $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 currently owned by insiders.

BorgWarner Stock Performance

Shares of NYSE:BWA traded up $0.44 during trading on Thursday, reaching $33.59. The company had a trading volume of 2,408,521 shares, compared to its average volume of 2,733,791. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. The stock's fifty day moving average price is $31.48 and its 200 day moving average price is $30.68. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The company 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%. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed 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 1.31%. BorgWarner's dividend payout ratio is presently 35.20%.

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.