Lecap Asset Management Ltd. Decreases Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Lecap Asset Management Ltd. trimmed its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,563 shares of the auto parts company's stock after selling 20,811 shares during the period. Lecap Asset Management Ltd.'s holdings in BorgWarner were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Studio Investment Management LLC lifted its position in BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after purchasing an additional 310 shares during the period. Spectrum Asset Management Inc. NB CA raised its position in BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after purchasing an additional 316 shares in the last quarter. Avior Wealth Management LLC lifted its stake in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after purchasing an additional 381 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after buying an additional 393 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Price Performance

BWA traded down $0.55 during trading on Wednesday, reaching $28.89. The stock had a trading volume of 2,924,629 shares, compared to its average volume of 2,614,157. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The business has a 50-day moving average of $32.11 and a 200-day moving average of $33.22. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The stock has a market cap of $6.32 billion, a PE ratio of 20.20, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.52%. BorgWarner's payout ratio is currently 30.77%.

Insider Activity

In related news, VP Stefan Demmerle sold 21,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,544 shares of company stock valued at $1,859,393. 0.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BWA. Evercore ISI decreased their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday. The Goldman Sachs Group dropped their price objective on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Guggenheim reissued a "buy" rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Finally, Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and a consensus target price of $40.20.

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.