Crossmark Global Holdings Inc. Purchases 23,820 Shares of BorgWarner Inc. (NYSE:BWA)

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

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 1,640,503 shares during the period. 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 acquiring an additional 669,137 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after buying an additional 1,919,219 shares during the period. Sei Investments Co. increased its holdings in shares of BorgWarner by 17.1% in the second quarter. Sei Investments Co. now owns 2,217,195 shares of the auto parts company’s stock valued at $71,482,000 after purchasing an additional 324,087 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in BorgWarner by 8.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,004,423 shares of the auto parts company’s stock worth $69,634,000 after buying an additional 159,271 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Up 2.2 %

NYSE BWA opened at $34.66 on Tuesday. The firm’s fifty day moving average price is $34.12 and its 200 day moving average price is $33.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its quarterly 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. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the business earned $0.98 EPS. BorgWarner’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts expect that BorgWarner Inc. will post 4.2 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed 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 yield of 1.27%. BorgWarner’s dividend payout ratio is currently 11.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Bank of America decreased their target price 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. Robert W. Baird increased their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $41.44.

About BorgWarner

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.