Investors Buy Large Volume of Put Options on BorgWarner (BWA)

BorgWarner Inc. (NYSE:BWA) was the target of unusually large options trading on Friday. Stock investors purchased 501 put options on the company. This is an increase of 811% compared to the typical volume of 55 put options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWA. Bank of Montreal Can lifted its holdings in shares of BorgWarner by 4.3% in the second quarter. Bank of Montreal Can now owns 95,380 shares of the auto parts company’s stock valued at $4,040,000 after purchasing an additional 3,970 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of BorgWarner by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the auto parts company’s stock valued at $525,000 after purchasing an additional 100 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of BorgWarner in the second quarter valued at $718,000. Parkwood LLC purchased a new stake in shares of BorgWarner in the second quarter valued at $315,000. Finally, NGAM Advisors L.P. lifted its holdings in shares of BorgWarner by 0.5% in the second quarter. NGAM Advisors L.P. now owns 85,627 shares of the auto parts company’s stock valued at $3,628,000 after purchasing an additional 428 shares in the last quarter. 94.70% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on BWA shares. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, September 14th. Deutsche Bank increased their price objective on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Jefferies Group reissued a “buy” rating and issued a $56.00 price objective on shares of BorgWarner in a report on Tuesday, August 29th. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $55.00 price objective on shares of BorgWarner in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.88.

BorgWarner (NYSE BWA) opened at $55.01 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The stock has a market capitalization of $11,598.25, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.76. BorgWarner has a one year low of $35.74 and a one year high of $55.86.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. equities research analysts predict that BorgWarner will post 3.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. BorgWarner’s dividend payout ratio (DPR) is currently 49.28%.

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About BorgWarner

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

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