BorgWarner Inc. (NYSE:BWA) Short Interest Down 15.2% in March

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

Insider Activity

In other news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last quarter. Company insiders own 0.45% of the company's stock.

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Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC raised its holdings in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares in the last quarter. True Wealth Design LLC bought a new position in BorgWarner in the third quarter worth about $38,000. Resona Asset Management Co. Ltd. purchased a new stake in BorgWarner in the fourth quarter worth about $45,000. Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% during the 4th 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 during the period. Finally, Kapitalo Investimentos Ltda bought a new position in shares of BorgWarner in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Trading Down 4.7 %

Shares of BorgWarner stock traded down $1.29 on Friday, hitting $25.92. The stock had a trading volume of 3,671,811 shares, compared to its average volume of 2,778,715. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner has a one year low of $24.66 and a one year high of $38.23. The stock's 50-day simple moving average is $29.63 and its two-hundred day simple moving average is $32.28. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last posted its 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, sell-side analysts predict that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

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

Analyst Ratings Changes

BWA has been the topic of several research analyst reports. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $39.06.

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.