Grace & White Inc. NY raised its stake in Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 744,182 shares of the auto parts company's stock after acquiring an additional 118,860 shares during the period. Grace & White Inc. NY owned about 4.32% of Westport Fuel Systems worth $3,416,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC acquired a new stake in Westport Fuel Systems during the 2nd quarter valued at $67,000. Institutional investors own 21.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Royal Bank of Canada reduced their price objective on Westport Fuel Systems from $9.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 15th. StockNews.com upgraded shares of Westport Fuel Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, August 14th. Finally, HC Wainwright restated a "buy" rating and issued a $22.00 price objective on shares of Westport Fuel Systems in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $14.13.
Check Out Our Latest Stock Analysis on Westport Fuel Systems
Westport Fuel Systems Trading Down 2.5 %
Westport Fuel Systems stock traded down $0.11 during mid-day trading on Tuesday, hitting $4.33. The stock had a trading volume of 108,422 shares, compared to its average volume of 42,702. The stock has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $5.58. The company has a current ratio of 1.54, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $74.61 million, a PE ratio of -2.21 and a beta of 2.83. Westport Fuel Systems Inc. has a 12 month low of $4.26 and a 12 month high of $7.86.
Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last announced its quarterly earnings data on Tuesday, August 13th. The auto parts company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.55) by $0.12. The firm had revenue of $88.64 million for the quarter, compared to analysts' expectations of $86.23 million. Westport Fuel Systems had a negative net margin of 10.18% and a negative return on equity of 29.81%. As a group, sell-side analysts forecast that Westport Fuel Systems Inc. will post -1.89 EPS for the current year.
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.
Recommended Stories
Before you consider Westport Fuel Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Westport Fuel Systems wasn't on the list.
While Westport Fuel Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
