Park Place Capital Corp Decreases Stake in BorgWarner Inc. (NYSE:BWA)

Park Place Capital Corp cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,963 shares of the auto parts company’s stock after selling 2,904 shares during the period. Park Place Capital Corp’s holdings in BorgWarner were worth $349,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock valued at $231,376,000 after acquiring an additional 217,050 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the last quarter. Earnest Partners LLC boosted its holdings in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after purchasing an additional 669,137 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after buying an additional 445,540 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of BorgWarner by 361.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after buying an additional 1,919,219 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on BWA shares. Barclays reduced their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Six 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 data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

BorgWarner Stock Down 2.8 %

NYSE BWA opened at $31.81 on Thursday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.96 billion, a PE ratio of 8.07, a P/E/G ratio of 0.64 and a beta of 1.20. The stock’s 50 day moving average is $32.99 and its 200 day moving average is $33.38.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Research analysts predict that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is presently 11.17%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock worth $7,678,076 in the last quarter. 0.63% of the stock is owned by corporate insiders.

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.