BorgWarner Inc. (NYSE:BWA) Short Interest Update

BorgWarner Inc. (NYSE:BWA) saw a large increase in short interest during the month of 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 short sold. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is presently 4.8 days.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.11 during trading hours on Tuesday, hitting $30.33. 351,850 shares of the company’s stock traded hands, compared to its average volume of 2,528,385. BorgWarner has a 52 week low of $28.65 and a 52 week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The company’s fifty day simple moving average is $31.87 and its two-hundred day simple moving average is $33.14. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

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

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of BorgWarner

A number of hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in BorgWarner by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 826,360 shares of the auto parts company’s stock valued at $26,270,000 after buying an additional 95,464 shares in the last quarter. Woodline Partners LP purchased a new stake in BorgWarner during the fourth quarter valued at about $418,000. Vivaldi Capital Management LP purchased a new stake in shares of BorgWarner in the fourth quarter worth approximately $14,052,000. Twinbeech Capital LP purchased a new stake in shares of BorgWarner in the fourth quarter worth approximately $436,000. Finally, Two Sigma Investments LP lifted its position in shares of BorgWarner by 2.4% in the fourth quarter. Two Sigma Investments LP now owns 88,078 shares of the auto parts company’s stock worth $2,800,000 after purchasing an additional 2,078 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BWA has been the topic of several recent research reports. Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Guggenheim reissued a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.20.

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.