Wealthquest Corp acquired a new stake in Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 249,392 shares of the auto parts company's stock, valued at approximately $925,000. Wealthquest Corp owned approximately 1.44% of Westport Fuel Systems as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in shares of Westport Fuel Systems during the first quarter worth about $40,000. Millennium Management LLC purchased a new stake in shares of Westport Fuel Systems during the fourth quarter worth about $149,000. Baird Financial Group Inc. increased its stake in shares of Westport Fuel Systems by 34.6% during the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company's stock worth $3,280,000 after purchasing an additional 235,610 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Westport Fuel Systems by 2,384.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company's stock worth $57,000 after purchasing an additional 15,715 shares in the last quarter. Hedge funds and other institutional investors own 21.30% of the company's stock.
Westport Fuel Systems Price Performance
WPRT traded up $0.01 on Friday, reaching $2.98. 16,779 shares of the company's stock were exchanged, compared to its average volume of 42,530. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 0.94. The stock has a market cap of $51.64 million, a PE ratio of -4.81 and a beta of 2.91. The stock's fifty day moving average price is $2.89 and its 200-day moving average price is $3.51. Westport Fuel Systems Inc. has a twelve month low of $2.50 and a twelve month high of $6.50.
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 for the quarter, beating the consensus estimate of ($0.47) by $0.33. The company had revenue of $70.96 million for the quarter, compared to analyst estimates of $70.96 million. Westport Fuel Systems had a negative net margin of 3.52% and a negative return on equity of 16.59%. Sell-side analysts expect that Westport Fuel Systems Inc. will post -1.69 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on WPRT shares. Cormark cut their target price on shares of Westport Fuel Systems from $11.50 to $10.80 in a research note on Tuesday, April 1st. HC Wainwright cut their target price on shares of Westport Fuel Systems from $22.00 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank Of Canada cut their target price on shares of Westport Fuel Systems from $8.00 to $4.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 1st. Finally, Wall Street Zen started coverage on shares of Westport Fuel Systems in a research report on Friday, May 16th. They set a "hold" rating on the stock.
Check Out Our Latest Report on Westport Fuel Systems
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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