BorgWarner Inc. (NYSE:BWA) Short Interest Up 8.4% in January

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. Based on an average trading volume of 2,380,000 shares, the short-interest ratio is currently 4.8 days. Currently, 5.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $40.20.

BorgWarner Stock Performance

Shares of BWA stock traded up $0.03 during mid-day trading on Tuesday, hitting $30.25. 2,565,661 shares of the stock were exchanged, compared to its average volume of 2,607,231. BorgWarner has a 12-month low of $28.65 and a 12-month 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 stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 0.63 and a beta of 1.18. The stock’s fifty day simple moving average is $31.87 and its two-hundred day simple moving average is $33.14.

BorgWarner (NYSE:BWA) last released its quarterly earnings results 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, analysts forecast that BorgWarner will post 4.54 EPS for the current year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Institutional Trading of BorgWarner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue grew its stake in shares of BorgWarner by 96.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock valued at $1,650,000 after purchasing an additional 25,475 shares during the last quarter. Wellington Management Group LLP increased its stake in BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares during the period. Mirabella Financial Services LLP purchased a new position in BorgWarner during the 3rd quarter worth $908,000. Merit Financial Group LLC lifted its stake in shares of BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after acquiring an additional 4,537 shares during the period. Finally, Swedbank AB boosted its holdings in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.