Crossmark Global Holdings Inc. Increases Position in BorgWarner Inc. (NYSE:BWA)

Crossmark Global Holdings Inc. grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 13.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BWA. Global X Japan Co. Ltd. grew its position in BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after buying an additional 523 shares in the last quarter. LRI Investments LLC boosted its stake in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after buying an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the fourth quarter valued at about $45,000. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner in the fourth quarter valued at about $48,000. Finally, Golden State Wealth Management LLC boosted its stake in BorgWarner by 596.1% in the first quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock valued at $46,000 after buying an additional 1,371 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were 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 directly owned 63,445 shares in the company, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWA. Bank of America raised 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. Guggenheim cut their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler reissued an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. UBS Group raised 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. Finally, Robert W. Baird raised their target price on BorgWarner from $32.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

BorgWarner Stock Performance

BWA stock traded down $0.42 during midday trading on Friday, reaching $35.40. 1,489,377 shares of the company's stock traded hands, compared to its average volume of 2,710,433. The company has a 50-day moving average price of $33.05 and a two-hundred day moving average price of $30.79. 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 Inc. has a 52 week low of $24.40 and a 52 week high of $37.29. The firm has a market capitalization of $7.78 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

BorgWarner (NYSE:BWA - Get Free Report) last issued its 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 net margin of 2.06% and a return on equity of 16.13%. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

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.