BorgWarner Inc. (NYSE:BWA) Sees Large Growth in Short Interest

BorgWarner Inc. (NYSE:BWA) was the target of a large 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. Approximately 5.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is currently 4.8 days.

BorgWarner Trading Up 0.1 %

Shares of BorgWarner stock traded up $0.03 during trading hours on Tuesday, reaching $30.25. 2,565,661 shares of the company’s stock were exchanged, compared to its average volume of 2,607,231. BorgWarner has a 52-week low of $28.65 and a 52-week high of $38.22. The company has a fifty day moving average of $31.87 and a 200-day moving average of $33.14. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Sell-side analysts forecast that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.45%. BorgWarner’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BWA. 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. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Barclays reduced 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. Finally, StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average price target of $40.20.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Large investors have recently bought and sold shares of the stock. Trust Co. of Vermont increased its holdings in shares of BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after buying an additional 645 shares during the last quarter. Inspire Advisors LLC acquired a new stake in BorgWarner during the third quarter worth about $388,000. Blue Trust Inc. raised its holdings in shares of BorgWarner by 7.2% in the 3rd quarter. Blue Trust Inc. now owns 10,926 shares of the auto parts company’s stock worth $397,000 after purchasing an additional 732 shares during the period. Raymond James & Associates lifted its stake in shares of BorgWarner by 8.0% in the 3rd quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company’s stock valued at $6,968,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of BorgWarner by 51.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,794 shares of the auto parts company’s stock valued at $646,000 after purchasing an additional 6,076 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.