Westport Fuel Systems (NASDAQ:WPRT) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Westport Fuel Systems (NASDAQ:WPRT – Get Rating) (TSE:WPRT) in a note issued to investors on Thursday. The firm set a “sell” rating on the auto parts company’s stock.

Separately, Royal Bank of Canada lowered their target price on Westport Fuel Systems from $2.50 to $1.50 and set a “sector perform” rating on the stock in a report on Wednesday.

Westport Fuel Systems Price Performance

Shares of WPRT opened at $0.81 on Thursday. The firm has a market capitalization of $138.08 million, a price-to-earnings ratio of -11.51 and a beta of 2.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.61 and a current ratio of 2.33. Westport Fuel Systems has a one year low of $0.75 and a one year high of $1.79. The stock’s fifty day moving average is $1.08 and its 200-day moving average is $0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. grew its holdings in Westport Fuel Systems by 19.6% during the fourth quarter. AWM Investment Company Inc. now owns 4,582,047 shares of the auto parts company’s stock worth $3,550,000 after acquiring an additional 750,000 shares during the period. Two Sigma Investments LP acquired a new position in shares of Westport Fuel Systems in the 4th quarter valued at $45,000. Baird Financial Group Inc. boosted its position in shares of Westport Fuel Systems by 10.6% in the 4th quarter. Baird Financial Group Inc. now owns 3,416,271 shares of the auto parts company’s stock valued at $2,647,000 after purchasing an additional 327,021 shares during the period. Raymond James & Associates boosted its position in shares of Westport Fuel Systems by 32.3% in the 4th quarter. Raymond James & Associates now owns 263,600 shares of the auto parts company’s stock valued at $204,000 after purchasing an additional 64,300 shares during the period. Finally, UBS Group AG boosted its position in shares of Westport Fuel Systems by 44.2% in the 4th quarter. UBS Group AG now owns 504,088 shares of the auto parts company’s stock valued at $393,000 after purchasing an additional 154,392 shares during the period. 13.70% of the stock is owned by institutional investors and hedge funds.

About Westport Fuel Systems

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Westport Fuel Systems, Inc is a transportation technology company. It engages in the engineering, manufacture, and supply of alternative fuel systems and components. The firm operates through the following segments: Transportation, The Cummins Westport, Inc (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications.