Short Interest in BorgWarner Inc. (NYSE:BWA) Rises By 8.2%

BorgWarner Inc. (NYSE:BWA) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 12,600,000 shares, an increase of 8.2% from the March 15th total of 11,640,000 shares. Approximately 5.5% of the company’s shares are short sold. Based on an average daily volume of 2,970,000 shares, the days-to-cover ratio is currently 4.2 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BWA. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. BNP Paribas lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. Barclays boosted their price objective on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Robert W. Baird lowered BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.30.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock valued at $9,015,478 in the last 90 days. 0.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On BorgWarner

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of BorgWarner in the 3rd quarter valued at $28,000. Steward Partners Investment Advisory LLC raised its position in BorgWarner by 72.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 342 shares in the last quarter. EdgeRock Capital LLC acquired a new position in BorgWarner during the fourth quarter worth about $30,000. Riverview Trust Co acquired a new position in BorgWarner during the first quarter worth $30,000. Finally, Sound Income Strategies LLC acquired a new stake in BorgWarner in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 1.3 %

Shares of NYSE BWA traded down $0.41 during trading hours on Wednesday, hitting $32.03. 1,634,521 shares of the stock were exchanged, compared to its average volume of 2,906,059. The company has a market cap of $7.36 billion, a PE ratio of 12.15, a PEG ratio of 0.99 and a beta of 1.31. BorgWarner has a 12 month low of $29.51 and a 12 month high of $50.04. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $32.52 and a 200-day moving average price of $34.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that BorgWarner will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 29th. BorgWarner’s dividend payout ratio is currently 16.48%.

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.