Short Interest in BorgWarner Inc. (NYSE:BWA) Expands By 8.9%

BorgWarner Inc. (NYSE:BWA) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 10,010,000 shares, a growth of 8.9% from the August 31st total of 9,190,000 shares. Based on an average daily trading volume, of 2,690,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 4.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup lowered their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a report on Tuesday, September 10th. The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Robert W. Baird increased their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.20.

BorgWarner Stock Down 2.2 %

BWA stock traded down $0.80 during mid-day trading on Tuesday, reaching $35.49. The company had a trading volume of 2,933,045 shares, compared to its average volume of 2,839,496. BorgWarner has a 52 week low of $29.51 and a 52 week high of $40.76. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.94 and a beta of 1.20. The stock has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $33.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm posted $1.35 earnings per share. The business’s revenue was down 20.3% on a year-over-year basis. As a group, equities analysts predict that BorgWarner will post 4.1 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. BorgWarner’s payout ratio is 16.67%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

Hedge funds have recently made changes to their positions in the business. Trillium Asset Management LLC lifted its holdings in BorgWarner by 2.1% during the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after purchasing an additional 283 shares during the last quarter. Empirical Finance LLC lifted its holdings in BorgWarner by 3.5% during the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in BorgWarner by 1.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after purchasing an additional 335 shares during the last quarter. First Pacific Financial increased its stake in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 340 shares during the period. Finally, Verdence Capital Advisors LLC increased its stake in BorgWarner by 3.8% during the 1st quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock worth $329,000 after acquiring an additional 343 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.