Crossmark Global Holdings Inc. Purchases 13,000 Shares of BorgWarner Inc. $BWA

Crossmark Global Holdings Inc. lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,219 shares of the auto parts company’s stock after buying an additional 13,000 shares during the period. Crossmark Global Holdings Inc.’s holdings in BorgWarner were worth $7,647,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cullen Capital Management LLC bought a new stake in shares of BorgWarner in the second quarter worth $4,937,000. Louisiana State Employees Retirement System acquired a new position in BorgWarner during the first quarter worth $3,256,000. Tribune Investment Group LP bought a new position in BorgWarner in the second quarter valued at $3,432,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in BorgWarner in the second quarter valued at $5,664,000. Finally, Hsbc Holdings PLC bought a new position in BorgWarner in the second quarter valued at $35,785,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BWA. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Morgan Stanley increased their price objective on shares of BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on BorgWarner in a report on Thursday, August 6th. UBS Group dropped their target price on BorgWarner from $95.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Finally, Royal Bank Of Canada started coverage on BorgWarner in a report on Monday, August 31st. They set an “outperform” rating and a $87.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Insider Transactions at BorgWarner

In other news, Director Michael Hanley sold 5,000 shares of BorgWarner stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $65.51, for a total transaction of $327,550.00. Following the completion of the transaction, the director directly owned 34,313 shares in the company, valued at approximately $2,247,844.63. The trade was a 12.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rajesh Kalathur bought 7,407 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average cost of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the acquisition, the director directly owned 7,407 shares in the company, valued at $500,639.13. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. 0.76% of the stock is currently owned by corporate insiders.

BorgWarner Trading Down 3.7%

Shares of NYSE:BWA opened at $55.31 on Friday. BorgWarner Inc. has a 52-week low of $40.73 and a 52-week high of $78.82. The company has a market capitalization of $11.27 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. The company has a 50-day simple moving average of $62.88 and a 200 day simple moving average of $63.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%. BorgWarner’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Sell-side analysts forecast that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. BorgWarner’s dividend payout ratio (DPR) is presently 34.00%.

BorgWarner declared that its board has approved a stock buyback plan on Wednesday, August 5th that authorizes the company to buy back $1.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 7.7% of its shares through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

BorgWarner Profile

BorgWarner Inc (NYSE:BWA) is a global automotive technology company that develops and manufactures propulsion and mobility systems for vehicle manufacturers and commercial vehicle customers. The company serves both internal-combustion and electrified vehicle markets, with a portfolio focused on improving vehicle efficiency, performance, emissions, and electrification.

Its products and technologies include turbochargers, emissions and thermal-management systems, transmission components, friction products, battery systems, battery charging equipment, power electronics, electric motors, and other electric-drive components.