249,392 Shares in Westport Fuel Systems Inc. (NASDAQ:WPRT) Bought by Wealthquest Corp

Wealthquest Corp bought a new position in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 249,392 shares of the auto parts company's stock, valued at approximately $925,000. Wealthquest Corp owned about 1.44% of Westport Fuel Systems at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WPRT. TD Waterhouse Canada Inc. grew its holdings in Westport Fuel Systems by 2,384.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company's stock valued at $57,000 after buying an additional 15,715 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Westport Fuel Systems by 34.6% in the 4th quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company's stock valued at $3,280,000 after buying an additional 235,610 shares in the last quarter. Millennium Management LLC acquired a new position in Westport Fuel Systems in the 4th quarter valued at $149,000. Finally, Parallel Advisors LLC acquired a new position in Westport Fuel Systems in the 1st quarter valued at $40,000. 21.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WPRT has been the topic of a number of research reports. HC Wainwright decreased their price objective on Westport Fuel Systems from $22.00 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen initiated coverage on Westport Fuel Systems in a report on Friday, May 16th. They issued a "hold" rating on the stock.

Westport Fuel Systems Price Performance

Shares of NASDAQ:WPRT traded down $0.06 during trading on Friday, reaching $3.66. 17,904 shares of the company traded hands, compared to its average volume of 28,432. The company's 50 day moving average is $3.24 and its two-hundred day moving average is $3.48. The firm has a market capitalization of $63.50 million, a PE ratio of -5.90 and a beta of 2.88. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. Westport Fuel Systems Inc. has a 52 week low of $2.50 and a 52 week high of $6.20.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last released its earnings results on Tuesday, May 13th. The auto parts company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.47) by $0.33. The firm had revenue of $70.96 million during the quarter, compared to the consensus estimate of $70.96 million. Westport Fuel Systems had a negative return on equity of 16.59% and a negative net margin of 3.52%. As a group, sell-side analysts predict that Westport Fuel Systems Inc. will post -1.69 earnings per share for the current year.

About Westport Fuel Systems

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.