Crossmark Global Holdings Inc. Boosts Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Crossmark Global Holdings Inc. lifted its holdings in BorgWarner Inc. (NYSE:BWA) by 27.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,254 shares of the auto parts company’s stock after acquiring an additional 23,820 shares during the period. Crossmark Global Holdings Inc.’s holdings in BorgWarner were worth $4,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. grew its position in BorgWarner by 361.1% in the second 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in BorgWarner by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after buying an additional 1,640,503 shares during the period. Earnest Partners LLC lifted its holdings in BorgWarner by 20.2% in the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after buying an additional 669,137 shares in the last quarter. Hsbc Holdings PLC boosted its position in BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after buying an additional 652,097 shares during the last quarter. Finally, Swedbank AB grew its stake 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 acquiring an additional 593,265 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on BWA shares. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Bank of America cut their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Barclays raised their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company cut their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $41.44.

BorgWarner Price Performance

Shares of BWA opened at $34.66 on Tuesday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The stock has a fifty day moving average price of $34.12 and a 200 day moving average price of $33.94. The company has a market cap of $7.58 billion, a P/E ratio of 8.80, a PEG ratio of 0.71 and a beta of 1.20.

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 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 company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, research analysts forecast that BorgWarner Inc. will post 4.2 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.27%. BorgWarner’s dividend payout ratio (DPR) 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.