Short Interest in BorgWarner Inc. (NYSE:BWA) Rises By 8.2%

BorgWarner Inc. (NYSE:BWA - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 12,600,000 shares, a growth of 8.2% from the March 15th total of 11,640,000 shares. Based on an average daily volume of 2,970,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 5.5% of the shares of the company are short sold.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares of the company's stock, valued at approximately $2,679,638.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares of the company's stock, valued at approximately $14,148,455.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock valued at $9,015,478 in the last three months. 0.63% of the stock is owned by insiders.

Institutional Trading of BorgWarner

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in BorgWarner by 3.7% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company's stock valued at $266,000 after buying an additional 302 shares during the period. First Horizon Advisors Inc. raised its holdings in BorgWarner by 7.5% in the 1st quarter. First Horizon Advisors Inc. now owns 4,440 shares of the auto parts company's stock valued at $218,000 after buying an additional 308 shares during the period. Raymond James Trust N.A. raised its holdings in BorgWarner by 3.8% in the 2nd quarter. Raymond James Trust N.A. now owns 8,812 shares of the auto parts company's stock valued at $431,000 after buying an additional 324 shares during the period. UMB Bank n.a. raised its holdings in BorgWarner by 7.1% in the 3rd quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company's stock valued at $200,000 after buying an additional 327 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in BorgWarner by 5.6% in the 1st quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company's stock valued at $246,000 after buying an additional 335 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BWA. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $59.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday, January 25th. Robert W. Baird cut shares of BorgWarner from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $47.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, February 9th. TheStreet cut shares of BorgWarner from a "b-" rating to a "c+" rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group dropped their price target on shares of BorgWarner from $38.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.30.

BorgWarner Price Performance

BWA traded down $0.57 on Wednesday, hitting $31.87. 2,500,578 shares of the company's stock were exchanged, compared to its average volume of 2,919,205. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $32.48 and a 200-day moving average price of $34.21. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.99 and a beta of 1.31.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the firm earned $1.26 EPS. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that BorgWarner will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

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

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.