Wealthquest Corp bought a new position in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 249,392 shares of the auto parts company's stock, valued at approximately $925,000. Wealthquest Corp owned 1.44% of Westport Fuel Systems at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of WPRT. Parallel Advisors LLC purchased a new position in Westport Fuel Systems during the 1st quarter valued at $40,000. TD Waterhouse Canada Inc. boosted its stake in shares of Westport Fuel Systems by 2,384.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company's stock valued at $57,000 after purchasing an additional 15,715 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Westport Fuel Systems during the fourth quarter valued at about $149,000. Finally, Baird Financial Group Inc. raised its stake in Westport Fuel Systems by 34.6% in the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company's stock worth $3,280,000 after buying an additional 235,610 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.
Westport Fuel Systems Stock Performance
Shares of Westport Fuel Systems stock traded down $0.01 during trading on Wednesday, hitting $3.00. 19,020 shares of the company's stock traded hands, compared to its average volume of 42,590. Westport Fuel Systems Inc. has a 1 year low of $2.50 and a 1 year high of $6.50. The business has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $3.53. The stock has a market capitalization of $51.99 million, a P/E ratio of -4.84 and a beta of 2.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 0.94.
Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last posted its earnings results on Tuesday, May 13th. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.33. Westport Fuel Systems had a negative net margin of 3.52% and a negative return on equity of 16.59%. The business had revenue of $70.96 million for the quarter, compared to analysts' expectations of $70.96 million. As a group, analysts forecast that Westport Fuel Systems Inc. will post -1.69 EPS for the current year.
Analyst Ratings Changes
WPRT has been the topic of several research reports. Cormark cut their price objective on Westport Fuel Systems from $11.50 to $10.80 in a research report on Tuesday, April 1st. Royal Bank Of Canada dropped their price target on Westport Fuel Systems from $8.00 to $4.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen initiated coverage on Westport Fuel Systems in a research note on Friday, May 16th. They issued a "hold" rating on the stock. Finally, HC Wainwright dropped their price target on shares of Westport Fuel Systems from $22.00 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th.
View Our Latest Stock Report on WPRT
About Westport Fuel Systems
(
Free Report)
Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.
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