Petrus Trust Company LTA Invests $573,000 in BorgWarner Inc. (NYSE:BWA)

Petrus Trust Company LTA acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,792 shares of the auto parts company's stock, valued at approximately $573,000.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of BorgWarner by 59.2% in the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company's stock worth $1,378,000 after purchasing an additional 15,883 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of BorgWarner in the 3rd quarter worth about $908,000. Swedbank AB grew its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after purchasing an additional 593,265 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company's stock worth $10,536,000 after purchasing an additional 64,126 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of BorgWarner by 191.2% in the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company's stock worth $6,246,000 after purchasing an additional 127,212 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Trading Down 2.3 %

Shares of NYSE:BWA traded down $0.81 during mid-day trading on Thursday, reaching $33.99. The stock had a trading volume of 2,241,021 shares, compared to its average volume of 2,647,379. The firm has a market cap of $7.43 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.19. The firm has a 50 day simple moving average of $34.52 and a two-hundred day simple moving average of $33.74. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.98 EPS. On average, research analysts predict that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner's dividend payout ratio is 11.17%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of BorgWarner in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Evercore ISI raised shares of BorgWarner from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $747,985.00. Following the sale, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 in the last ninety days. Company insiders own 0.45% of the company's stock.

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.