BorgWarner Inc. (NYSE:BWA) Short Interest Up 8.2% in March

BorgWarner Inc. (NYSE:BWA) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 12,600,000 shares, an increase of 8.2% from the March 15th total of 11,640,000 shares. Currently, 5.5% of the shares of the stock are short sold. Based on an average trading volume of 2,970,000 shares, the days-to-cover ratio is presently 4.2 days.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Investments LLC lifted its position in BorgWarner by 28.7% during the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after acquiring an additional 43,955 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in BorgWarner during the 3rd quarter worth approximately $833,000. O Shaughnessy Asset Management LLC lifted its position in BorgWarner by 24.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after acquiring an additional 35,986 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in BorgWarner during the 3rd quarter worth approximately $69,000. Finally, Bruce G. Allen Investments LLC acquired a new position in BorgWarner during the 4th quarter worth approximately $33,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Trading Down 1.8 %

Shares of NYSE BWA traded down $0.58 during midday trading on Wednesday, hitting $31.86. The stock had a trading volume of 2,500,578 shares, compared to its average volume of 2,919,203. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.99 and a beta of 1.31. BorgWarner has a 1-year low of $29.51 and a 1-year high of $50.04. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $32.52 and a 200 day moving average price of $34.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. On average, analysts predict that BorgWarner will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BWA. The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Wells Fargo & Company dropped their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Piper Sandler started coverage on BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Barclays lifted their price target on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.30.

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.