Borgwarner Incorporated (NYSE:BWA) Has Increase in Shorts

September 17, 2017 - By Peter Erickson

 Borgwarner Incorporated (NYSE:BWA) Has Increase in Shorts

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.18, from 1.16 in 2016Q3. It turned negative, as 52 investors sold BorgWarner Inc. shares while 156 reduced holdings. 74 funds opened positions while 129 raised stakes. 187.95 million shares or 5.91% more from 177.47 million shares in 2016Q3 were reported.
Lloyds Gp Pcl holds 2.31% or 6,753 shares in its portfolio. Guyasuta Invest Advisors holds 0.04% or 8,000 shares. Peregrine Asset Advisers Inc accumulated 1.85% or 78,891 shares. Sg Americas Limited Liability Co owns 25,934 shares. Cs Mckee Ltd Partnership holds 459,779 shares or 1.38% of its portfolio. Fulton Bancshares Na has 0.05% invested in BorgWarner Inc. (NYSE:BWA). Old Mutual Customised Solutions (Proprietary) has invested 0.05% in BorgWarner Inc. (NYSE:BWA). Moreover, Bridgewater Associate L P has 0.01% invested in BorgWarner Inc. (NYSE:BWA). Liberty Mutual Group Asset Mngmt Inc owns 77,249 shares. Wilbanks Smith & Thomas Asset Mngmt Lc stated it has 6,062 shares or 0.02% of all its holdings. 160 were accumulated by Endurance Wealth Mngmt Inc. Diamond Hill Capital Management holds 1.9% or 8.30 million shares. Pggm Investments reported 0.03% in BorgWarner Inc. (NYSE:BWA). Great Lakes Advsr Ltd Limited Liability Company invested in 0.63% or 611,284 shares. Washington Tru Bancorp holds 0.04% or 4,021 shares in its portfolio.

Since May 5, 2017, it had 0 insider purchases, and 2 insider sales for $200,871 activity. The insider Hundzinski Ronald T sold $156,811. $44,060 worth of BorgWarner Inc. (NYSE:BWA) was sold by Cuneo Dennis C.

The stock of Borgwarner Incorporated (NYSE:BWA) registered an increase of 17.9% in short interest. BWA’s total short interest was 12.25 million shares in September as published by FINRA. Its up 17.9% from 10.39M shares, reported previously. With 1.92 million shares average volume, it will take short sellers 6 days to cover their BWA’s short positions. The short interest to Borgwarner Incorporated’s float is 6.12%.

The stock increased 1.02% or $0.49 on September 15, reaching $48.76. About 2.10M shares traded or 18.64% up from the average. BorgWarner Inc. (NYSE:BWA) has risen 25.00% since September 17, 2016 and is uptrending. It has outperformed by 8.30% the S&P500.

BorgWarner Inc. is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The company has market cap of $10.29 billion. The Company’s divisions include Engine and Drivetrain. It has a 54.37 P/E ratio. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems.

BorgWarner Inc. (NYSE:BWA) Ratings Coverage

Among 20 analysts covering Borgwarner Inc. (NYSE:BWA), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Borgwarner Inc. had 54 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital maintained BorgWarner Inc. (NYSE:BWA) on Friday, February 10 with “Equal Weight” rating. The rating was maintained by RBC Capital Markets on Tuesday, June 20 with “Hold”. The firm has “Neutral” rating given on Wednesday, December 14 by Northcoast. The rating was maintained by Jefferies with “Buy” on Monday, August 28. As per Wednesday, August 30, the company rating was maintained by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, July 11. The stock of BorgWarner Inc. (NYSE:BWA) has “Outperform” rating given on Wednesday, January 27 by Robert W. Baird. The company was initiated on Tuesday, August 9 by Seaport Global. The firm has “Buy” rating given on Tuesday, August 8 by Deutsche Bank. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, February 16.

More recent BorgWarner Inc. (NYSE:BWA) news were published by: Nasdaq.com which released: “BorgWarner Inc. (BWA) Ex-Dividend Date Scheduled for August 30, 2017” on August 29, 2017. Also Nasdaq.com published the news titled: “BorgWarner Reaches Analyst Target Price” on September 07, 2017. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Flowers Foods, BorgWarner and Cooper Tire & Rubber” with publication date: August 28, 2017 was also an interesting one.

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