BorgWarner Inc. (NYSE:BWA) Stock Position Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,053 shares of the auto parts company's stock after purchasing an additional 17,550 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.07% of BorgWarner worth $4,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BWA. Dimensional Fund Advisors LP increased its stake in shares of BorgWarner by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after buying an additional 753,344 shares during the period. Invesco Ltd. increased its stake in shares of BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after buying an additional 628,930 shares during the period. Alliancebernstein L.P. increased its stake in shares of BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after buying an additional 381,504 shares during the period. LSV Asset Management increased its stake in BorgWarner by 22.5% in the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after purchasing an additional 792,100 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in BorgWarner by 7.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company's stock valued at $129,664,000 after purchasing an additional 267,250 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BWA shares. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their price target for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. UBS Group increased their price objective on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Bank of America increased their price objective on BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a report on Monday, June 16th. Piper Sandler reissued an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Finally, BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.53.

BorgWarner Stock Performance

Shares of NYSE:BWA traded up $0.16 on Wednesday, hitting $35.38. The company's stock had a trading volume of 1,450,551 shares, compared to its average volume of 2,715,115. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The stock's 50-day moving average is $32.77 and its two-hundred day moving average is $30.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company posted $1.03 EPS. The firm's quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.24%. BorgWarner's dividend payout ratio is currently 35.20%.

Insider Activity

In related news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the vice president owned 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the transaction, the executive vice president owned 214,521 shares of the company's stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company's stock.

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.