Crossmark Global Holdings Inc. Acquires 18,249 Shares of BorgWarner Inc. (NYSE:BWA)

Crossmark Global Holdings Inc. raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,503 shares of the auto parts company’s stock after purchasing an additional 18,249 shares during the period. Crossmark Global Holdings Inc.’s holdings in BorgWarner were worth $4,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Envestnet Asset Management Inc. lifted its stake in shares of BorgWarner by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 194,802 shares of the auto parts company’s stock worth $6,280,000 after acquiring an additional 3,727 shares during the period. XTX Topco Ltd lifted its position in shares of BorgWarner by 81.5% in the 2nd quarter. XTX Topco Ltd now owns 14,122 shares of the auto parts company’s stock worth $455,000 after purchasing an additional 6,341 shares during the period. Public Sector Pension Investment Board bought a new stake in shares of BorgWarner in the 2nd quarter valued at $1,248,000. Bank of Montreal Can increased its position in shares of BorgWarner by 4.5% during the second quarter. Bank of Montreal Can now owns 301,623 shares of the auto parts company’s stock worth $9,724,000 after buying an additional 12,873 shares during the period. Finally, Marshall Wace LLP bought a new position in BorgWarner during the second quarter worth $295,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 in the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

BorgWarner Stock Down 2.8 %

BWA stock opened at $31.81 on Thursday. The firm has a market capitalization of $6.96 billion, a PE ratio of 8.07, a P/E/G ratio of 0.64 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 1.84 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. The stock’s 50 day moving average is $32.99 and its 200-day moving average is $33.38.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $0.98 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Analysts Set New Price Targets

BWA has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. cut 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Barclays cut their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.47.

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.