BorgWarner Inc. (NYSE:BWA) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 27.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Matrix Trust Co bought a new position in BorgWarner during the third quarter valued at approximately $25,000. LRI Investments LLC grew its holdings in BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of BorgWarner during the second quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of BorgWarner during the second quarter valued at $35,000. Finally, Gradient Investments LLC increased its stake in shares of BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company's stock valued at $39,000 after buying an additional 1,106 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BWA shares. Robert W. Baird boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Bank of America lowered their target price on shares of BorgWarner from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.44.

BorgWarner Price Performance

Shares of BWA stock traded up $0.35 during trading hours on Tuesday, reaching $35.01. The company had a trading volume of 708,636 shares, compared to its average volume of 2,690,747. 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 $7.66 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The stock has a fifty day moving average of $34.12 and a 200-day moving average of $33.94.

BorgWarner (NYSE:BWA - Get Free Report) last posted 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. 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 analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company's quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that BorgWarner Inc. will post 4.2 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner's payout ratio is presently 11.17%.

BorgWarner Company 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.