BorgWarner Inc. (NYSE:BWA) Short Interest Up 8.4% in January

BorgWarner Inc. (NYSE:BWA - Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 11,340,000 shares, an increase of 8.4% from the January 15th total of 10,460,000 shares. Currently, 5.2% of the company's stock are short sold. Based on an average daily volume of 2,380,000 shares, the days-to-cover ratio is currently 4.8 days.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now owns 206,969 shares of the company's stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BorgWarner

Institutional investors and hedge funds have recently made changes to their positions in the stock. LRI Investments LLC grew its stake in shares of BorgWarner by 1,515.0% during 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 during the period. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the 3rd quarter worth $32,000. True Wealth Design LLC acquired a new stake in BorgWarner in the 3rd quarter valued at about $38,000. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the 4th quarter valued at about $45,000. Finally, Avior Wealth Management LLC grew its stake in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BWA has been the topic of a number of research analyst reports. StockNews.com cut shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays cut their target price 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. Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Guggenheim reaffirmed a "buy" rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Finally, Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.57.

BorgWarner Stock Performance

NYSE:BWA traded down $0.76 during midday trading on Friday, reaching $29.49. The stock had a trading volume of 1,761,349 shares, compared to its average volume of 2,572,772. The stock has a market cap of $6.45 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.76 and a beta of 1.18. BorgWarner has a 12-month low of $28.65 and a 12-month high of $38.22. The firm has a fifty day simple moving average of $31.48 and a two-hundred day simple moving average of $33.05. 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 (NYSE:BWA - Get Free Report) last posted 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%. On average, equities analysts expect that BorgWarner will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

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.