BorgWarner Inc. (NYSE:BWA) Short Interest Update

BorgWarner Inc. (NYSE:BWA) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 8,750,000 shares, a growth of 17.1% from the November 15th total of 7,470,000 shares. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 4.0% of the company’s stock are short sold.

BorgWarner Price Performance

BWA stock traded down $1.04 during trading on Monday, hitting $33.01. The stock had a trading volume of 1,509,009 shares, compared to its average volume of 2,638,618. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. The company’s 50 day moving average price is $34.38 and its two-hundred day moving average price is $33.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that BorgWarner will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio is presently 11.17%.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group cut their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Wells Fargo & Company decreased their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Wolfe Research started coverage on shares of BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $41.07.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 in the last ninety days. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in BorgWarner during the third quarter worth about $25,000. Brooklyn Investment Group purchased a new position in shares of BorgWarner in the 3rd quarter valued at $32,000. LRI Investments LLC increased its holdings in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new position in BorgWarner in the second quarter valued at about $32,000. Finally, True Wealth Design LLC acquired a new position in shares of BorgWarner during the third quarter worth about $38,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.