Raymond James & Associates Has $194,000 Holdings in Westport Fuel Systems Inc. (NASDAQ:WPRT)

Raymond James & Associates cut its position in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 90.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,340 shares of the auto parts company’s stock after selling 228,360 shares during the quarter. Raymond James & Associates owned approximately 0.15% of Westport Fuel Systems worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WPRT. Millennium Management LLC boosted its holdings in Westport Fuel Systems by 55.6% in the 2nd quarter. Millennium Management LLC now owns 2,637,699 shares of the auto parts company’s stock valued at $2,664,000 after purchasing an additional 942,667 shares during the period. Renaissance Technologies LLC boosted its holdings in Westport Fuel Systems by 114.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,612,896 shares of the auto parts company’s stock valued at $2,548,000 after purchasing an additional 860,617 shares during the period. AMH Equity Ltd boosted its holdings in Westport Fuel Systems by 26.9% in the 1st quarter. AMH Equity Ltd now owns 3,300,000 shares of the auto parts company’s stock valued at $3,143,000 after purchasing an additional 700,000 shares during the period. Baird Financial Group Inc. boosted its holdings in 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. Finally, UBS Group AG boosted its holdings in Westport Fuel Systems by 47.3% in the 1st quarter. UBS Group AG now owns 742,357 shares of the auto parts company’s stock valued at $707,000 after purchasing an additional 238,269 shares during the period. 9.87% of the stock is currently owned by institutional investors and hedge funds.

Westport Fuel Systems Price Performance

NASDAQ:WPRT opened at $5.79 on Tuesday. Westport Fuel Systems Inc. has a one year low of $4.90 and a one year high of $13.40. The company has a market cap of $99.41 million, a P/E ratio of -1.90 and a beta of 2.45. The firm’s fifty day moving average price is $6.02 and its two-hundred day moving average price is $7.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.14.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WPRT. TD Cowen reduced their price target on shares of Westport Fuel Systems from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Thursday, August 10th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of Westport Fuel Systems in a report on Thursday, August 10th. Royal Bank of Canada reduced their price objective on shares of Westport Fuel Systems from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday. StockNews.com began coverage on shares of Westport Fuel Systems in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Oppenheimer lifted their price target on shares of Westport Fuel Systems from $6.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.25.

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, the Americas, Asia, Africa, and internationally. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments.