BorgWarner Inc. (NYSE:BWA) Short Interest Update

BorgWarner Inc. (NYSE:BWA - Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 10,770,000 shares, a drop of 15.2% from the February 28th total of 12,700,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily volume of 3,440,000 shares, the short-interest ratio is presently 3.1 days.

BorgWarner Trading Down 4.7 %

BWA traded down $1.29 during trading on Friday, hitting $25.92. 3,671,811 shares of the company's stock were exchanged, compared to its average volume of 2,778,715. BorgWarner has a 1 year low of $24.66 and a 1 year high of $38.23. The stock has a 50 day moving average price of $29.63 and a 200 day moving average price of $32.28. The firm has a market cap of $5.69 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, analysts expect that BorgWarner will post 4.28 EPS for the current fiscal year.

Remove Ads

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BWA shares. Guggenheim set a $38.00 price target on BorgWarner in a research note on Wednesday, March 5th. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Barclays dropped their price target on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.06.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 over the last 90 days. Company insiders own 0.45% of the company's stock.

Institutional Trading of BorgWarner

Several large investors have recently bought and sold shares of BWA. LRI Investments LLC grew its holdings in BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 909 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of BorgWarner during the third quarter valued at about $38,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner during the fourth quarter worth about $45,000. Avior Wealth Management LLC lifted its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in BorgWarner in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 95.67% of the company's stock.

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.