Petrus Trust Company LTA Makes New Investment in BorgWarner Inc. (NYSE:BWA)

Petrus Trust Company LTA bought a new position in BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,792 shares of the auto parts company’s stock, valued at approximately $573,000.

Several other large investors have also recently added to or reduced their stakes in BWA. SG Americas Securities LLC increased its holdings in shares of BorgWarner by 59.2% during the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after purchasing an additional 15,883 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of BorgWarner during the third quarter valued at $908,000. Swedbank AB increased its holdings in shares of BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after purchasing an additional 593,265 shares during the period. HITE Hedge Asset Management LLC increased its holdings in shares of BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after purchasing an additional 64,126 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in shares of BorgWarner by 191.2% during the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock valued at $6,246,000 after purchasing an additional 127,212 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 21,500 shares of the firm’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 value of $747,985.00. Following the completion of the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BWA. JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wolfe Research began coverage on BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, The Goldman Sachs Group lowered their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

BorgWarner Trading Up 2.8 %

NYSE:BWA opened at $34.80 on Thursday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The business’s 50-day moving average price is $34.55 and its two-hundred day moving average price is $33.73. 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 firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.76 and a beta of 1.19.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. On average, equities analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. BorgWarner’s payout ratio is presently 11.17%.

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.