BorgWarner Inc. (NYSE:BWA) Short Interest Update

BorgWarner Inc. (NYSE:BWA) saw a large growth in short interest in 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 short-interest ratio is presently 4.2 days. Currently, 5.5% of the shares of the company are short sold.

BorgWarner Stock Performance

Shares of BorgWarner stock traded down $0.41 during trading on Wednesday, reaching $32.03. The company’s stock had a trading volume of 1,634,521 shares, compared to its average volume of 2,906,059. 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 company has a 50-day moving average price of $32.52 and a two-hundred day moving average price of $34.23. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The firm has a market cap of $7.36 billion, a PE ratio of 12.15, a P/E/G ratio of 0.99 and a beta of 1.31.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts forecast that BorgWarner will post 3.9 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BNP Paribas lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group lowered their target price on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler assumed coverage on shares of BorgWarner in a research report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective on the stock. Finally, Robert W. Baird lowered BorgWarner from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

Insiders Place Their Bets

In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 287,503 shares of company stock valued at $9,015,478. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of BorgWarner by 25.2% during the first quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock worth $14,458,000 after purchasing an additional 74,902 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of BorgWarner by 86.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock worth $859,000 after acquiring an additional 10,257 shares in the last quarter. MetLife Investment Management LLC increased its stake in BorgWarner by 23.1% in the first quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock valued at $2,537,000 after acquiring an additional 12,257 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in BorgWarner by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock valued at $1,248,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of BorgWarner by 1.8% in the 1st quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock valued at $1,802,000 after purchasing an additional 840 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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.