BorgWarner Inc. (NYSE:BWA) Short Interest Up 8.2% in March

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

Wall Street Analyst Weigh In

Several research analysts have commented on BWA shares. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Robert W. Baird downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Wells Fargo & Company reduced their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Activity

In related news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Volker Weng sold 20,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,503 shares of company stock valued at $9,015,478. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently made changes to their positions in BWA. Headlands Technologies LLC bought a new position in shares of BorgWarner in the 3rd quarter worth approximately $28,000. EdgeRock Capital LLC bought a new stake in BorgWarner during the 4th quarter worth approximately $30,000. Riverview Trust Co bought a new stake in BorgWarner during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in BorgWarner during the 4th quarter worth approximately $32,000. Finally, Bruce G. Allen Investments LLC bought a new stake in BorgWarner during the 4th quarter worth approximately $33,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE BWA traded down $0.58 during trading on Wednesday, reaching $31.86. 2,500,578 shares of the company traded hands, compared to its average volume of 2,919,203. The firm has a 50 day simple moving average of $32.52 and a 200-day simple moving average of $34.23. 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 stock has a market capitalization of $7.32 billion, a PE ratio of 12.15, a P/E/G ratio of 0.99 and a beta of 1.31. BorgWarner has a 52-week low of $29.51 and a 52-week high of $50.04.

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

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, February 29th. BorgWarner’s payout ratio is presently 16.48%.

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.