Truvestments Capital LLC Buys New Shares in BorgWarner Inc. (NYSE:BWA)

Truvestments Capital LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,397 shares of the auto parts company’s stock, valued at approximately $123,000.

Several other large investors have also added to or reduced their stakes in BWA. Dimensional Fund Advisors LP lifted its stake in shares of BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the period. Pacer Advisors Inc. raised its position in shares of 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 acquiring an additional 4,625,685 shares during the period. Earnest Partners LLC boosted its stake in shares of BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after acquiring an additional 669,137 shares in the last quarter. Point72 Asset Management L.P. grew its position 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 acquiring an additional 1,919,219 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in BorgWarner by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock worth $81,553,000 after purchasing an additional 60,935 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BWA has been the subject of a number of research analyst reports. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wolfe Research assumed coverage on BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Robert W. Baird lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lowered their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Transactions at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,466 shares of company stock valued at $6,973,828. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Down 2.9 %

Shares of NYSE BWA opened at $34.17 on Wednesday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $34.50 and its two-hundred day moving average is $33.87. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.75 and a beta of 1.20.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. The business 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%. The business’s revenue for the quarter 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. Research analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

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.