BorgWarner Inc. (NYSE:BWA) Short Interest Up 7.2% in October

BorgWarner Inc. (NYSE:BWA - Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,460,000 shares, an increase of 7.2% from the October 15th total of 6,960,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. Evercore ISI upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Finally, Bank of America dropped their target price on BorgWarner from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

BorgWarner Stock Down 3.7 %

BWA traded down $1.26 on Tuesday, hitting $33.12. The company had a trading volume of 1,975,078 shares, compared to its average volume of 2,681,494. BorgWarner has a 52-week low of $29.51 and a 52-week high of $38.22. The stock has a fifty day simple moving average of $34.33 and a 200-day simple moving average of $33.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The firm has a market capitalization of $7.24 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.71 and a beta of 1.20.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm's revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, equities analysts expect that BorgWarner will post 4.23 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. BorgWarner's payout ratio is currently 11.17%.

Insider Activity

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares of the company's stock, valued at $8,997,111.77. This represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 201,466 shares of company stock valued at $6,973,828 over the last quarter. Company insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors have recently modified their holdings of BWA. Pacer Advisors Inc. raised its holdings in BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company's stock worth $168,638,000 after acquiring an additional 4,625,685 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company's stock worth $79,010,000 after purchasing an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company's stock valued at $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Earnest Partners LLC boosted its position in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company's stock valued at $128,308,000 after buying an additional 669,137 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company's stock worth $45,576,000 after buying an additional 652,097 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.