Checking in on BorgWarner Inc. (BWA) after recent insiders movement


BorgWarner Inc.’s recent filing unveils that its EVP, CAO, Gen Counsel & Sec CALAWAY TONIT M unloaded Company’s shares for reported $0.71 million on Jun 01. In the deal valued at $40.27 per share,17,543 shares were sold. As a result of this transaction, CALAWAY TONIT M now holds 40,380 shares worth roughly $ 1.54 million.

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Then, CALAWAY TONIT M sold 4,000 shares, generating $155,016 in total proceeds. Upon selling the shares at $38.75, the EVP, CAO, Gen Counsel & Sec now owns 57,923 shares.

Before that, Pryor Felecia J. sold 6,590 shares. BorgWarner Inc. shares valued at $250,489 were divested by the EVP & CHRO at a price of $38.01 per share. As a result of the transaction, Pryor Felecia J. now holds 34,880 shares, worth roughly $1.33 million.

Deutsche Bank upgraded its BorgWarner Inc. [BWA] rating to a Buy from a a Hold in a research note published on Monday, July 18, 2022; the price target was increased to $48 from $43. PT values the company’s stock at a premium of 20.29 to its Monday closing price. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid April with a ‘”a Neutral”‘ rating. Jefferies also remained covering BWA and has decreased its forecast on September 20, 2021 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on March 26, 2021. It rated BWA as “an Overweight”.

Price Performance Review of BWA

On Monday, BorgWarner Inc. [NYSE:BWA] saw its stock jump 0.84% to $38.26. On the same session, the stock had its day’s lowest price of $37.42, but rose to a high of $38.41. Over the last five days, the stock has gained 1.95%. BorgWarner Inc. shares have fallen nearly -15.11% since the year began. Nevertheless, the stocks have fallen -18.42% over the past one year. While a 52-week high of $50.09 was reached on 01/13/22, a 52-week low of $31.14 was recorded on 09/29/22. SMA at 50 days reached $35.58, while 200 days put it at $37.71. A total of 1.55 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For BWA Stock

The 24-hour chart illustrates a support level at 37.65, which if violated will result in even more drops to 37.04. On the upside, there is a resistance level at 38.64. A further resistance level may holdings at 39.02. The Relative Strength Index (RSI) on the 14-day chart is 65.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.24%. Stochastics %K at 80.83% indicates the stock is a selling.

How much short interest is there in BorgWarner Inc.?

A steep rise in short interest was recorded in BorgWarner Inc. stocks on Jul 14, 2022, growing by 0.61 million shares to a total of 7.47 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.86 million shares. There was a rise of 8.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.48.

BorgWarner Inc. [BWA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,496,319 shares, or roughly 10.77% of the outstanding BWA shares. In other words, the investor’s shares have risen by 328,704 from its previous 13-F filing of 25167615.0. Additionally, BlackRock Fund Advisors decreased -4.24% of its stake after which the total value it holdings stand at $412,271,512, while Harris Associates LP added 15.68% of its stake to hold $365.77 million in the firm. Over the last quarter, Victory Capital Management, Inc. purchased 396,485 shares of BorgWarner Inc., while SSgA Funds Management, Inc. bought -373,615 shares. At present, Diamond Hill Capital Management, is holding 6,991,429 shares valued at $219.53 million. Dimensional Fund Advisors LP owned 6,644,734 shares of the company at the time of its most recent 13F filing, worth $208.64 million.


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