Stock Short Interest Filing: Is Buying Borgwarner Incorporated (NYSE:BWA) Here Good Idea?

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Stock Short Interest Filing: Is Buying Borgwarner Incorporated (NYSE:BWA) Here Good Idea?

The stock of Borgwarner Incorporated (NYSE:BWA) registered an increase of 12.73% in short interest. BWA’s total short interest was 14.49M shares in November as published by FINRA. Its up 12.73% from 12.85M shares, reported previously. With 2.86M shares average volume, it will take short sellers 5 days to cover their BWA’s short positions. The short interest to Borgwarner Incorporated’s float is 7.17%. About 360,730 shares traded hands. BorgWarner Inc. (NYSE:BWA) has declined 7.18% since April 25, 2016 and is downtrending. It has underperformed by 13.19% the S&P500.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The company has a market cap of $7.60 billion. The Firm operates through two divisions: Engine and Drivetrain. It has a 14.36 P/E ratio. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems.

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.36, from 0.8 in 2016Q1. The ratio improved, as 57 funds sold all BorgWarner Inc. shares owned while 146 reduced positions. 40 funds bought stakes while 122 increased positions. They now own 182.28 million shares or 6.04% less from 193.99 million shares in 2016Q1.
Ibm Retirement Fund, a New York-based fund reported 21,946 shares. Mizuho Asset Mngmt Coltd has 3,567 shares for 0.02% of their US portfolio. Advance Capital I Inc holds 21,200 shares or 0.66% of its portfolio. Sumitomo Life, a Japan-based fund reported 30,796 shares. Castleark Mgmt Lc has 10,340 shares for 0.01% of their US portfolio. Us Bank De has 151,816 shares for 0.02% of their US portfolio. Nationwide Fund has 131,614 shares for 0.02% of their US portfolio. Amica Pension Fund Board Of Trustees holds 0.04% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 11,532 shares. Massachusetts Svcs Ma holds 634,453 shares or 0.01% of its portfolio. Schroder Grp Inc holds 0.07% or 1.13M shares in its portfolio. Korea Inv has 135,700 shares for 0.02% of their US portfolio. Guyasuta Investment Advsr has 0.03% invested in the company for 8,000 shares. Jarislowsky Fraser Limited accumulated 1.21 million shares or 0.29% of the stock. Farmers Merchants Investments, a Nebraska-based fund reported 99 shares. Seven Eight Capital Lc owns 4,085 shares or 0.04% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 4 sales for $1.67 million net activity. $577,228 worth of BorgWarner Inc. (NYSE:BWA) shares were sold by Ericson Brady D. $159,152 worth of shares were sold by McGill Thomas J. on Tuesday, August 2.

BorgWarner Inc. (NYSE:BWA) Ratings Coverage

Out of 13 analysts covering Borgwarner Inc. (NYSE:BWA), 2 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 15% are positive. Borgwarner Inc. has been the topic of 30 analyst reports since August 3, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded BorgWarner Inc. (NYSE:BWA) rating on Friday, October 30. RBC Capital Markets has “Sector Perform” rating and $45 price target. The company was upgraded on Wednesday, November 18 by Goldman Sachs. Bank of America downgraded the stock to “Neutral” rating in Tuesday, June 21 report. The rating was upgraded by UBS to “Buy” on Tuesday, August 18. The stock has “Neutral” rating given by Goldman Sachs on Thursday, October 6. The firm has “Underperform” rating given on Wednesday, November 9 by Bank of America. The rating was maintained by RBC Capital Markets on Friday, September 11 with “Outperform”. The stock of BorgWarner Inc. (NYSE:BWA) earned “Equalweight” rating by Barclays Capital on Monday, January 25. The stock has “Positive” rating given by Susquehanna on Thursday, August 27. The stock of BorgWarner Inc. (NYSE:BWA) has “Sell” rating given on Tuesday, November 22 by Berenberg.

BWA Company Profile

BorgWarner Inc., incorporated on May 4, 1987, is a supplier of engineered automotive systems and components primarily for powertrain applications. The Firm operates through two divisions: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Firm makes and sells the products across the world, to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). The Firm sells the products to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). The Firm makes and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Firm operates manufacturing facilities serving clients in the Americas, Europe, Africa and Asia.

More recent BorgWarner Inc. (NYSE:BWA) news were published by: Prnewswire.com which released: “BorgWarner Declares Quarterly Dividend” on November 09, 2016. Also Prnewswire.com published the news titled: “BorgWarner Launches its First Integrated Electric Drive Module for the …” on November 16, 2016. Prnewswire.com‘s news article titled: “BorgWarner Names Patrick Nolan Vice President of Investor Relations” with publication date: November 14, 2016 was also an interesting one.

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By Ruchi Gupta

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