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

BorgWarner Inc. (NYSE:BWA) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 10,770,000 shares, a decrease of 15.2% from the February 28th total of 12,700,000 shares. Based on an average daily volume of 3,440,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 5.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

BWA has been the subject of a number of recent research reports. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Barclays decreased their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.06.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently modified their holdings of the company. LRI Investments LLC boosted its stake in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after buying an additional 909 shares in the last quarter. True Wealth Design LLC bought a new stake in BorgWarner in the third quarter valued at approximately $38,000. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner during the 4th quarter valued at $45,000. Avior Wealth Management LLC raised its stake in shares of BorgWarner by 31.3% during the fourth 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. Finally, Kapitalo Investimentos Ltda purchased a new stake in BorgWarner in the 4th quarter worth approximately $48,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

Shares of NYSE:BWA traded down $1.85 during midday trading on Thursday, reaching $27.27. 1,356,841 shares of the company traded hands, compared to its average volume of 2,765,446. BorgWarner has a 12 month low of $27.17 and a 12 month high of $38.23. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $29.87 and its two-hundred day moving average price is $32.36.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, equities analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.61%. 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.