Bank of Montreal Can Sells 36,168 Shares of Ballard Power Systems Inc. (NASDAQ:BLDP)

Bank of Montreal Can decreased its position in Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,884 shares of the technology company’s stock after selling 36,168 shares during the quarter. Bank of Montreal Can owned approximately 0.16% of Ballard Power Systems worth $805,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Ballard Power Systems in the 4th quarter worth about $27,000. Headlands Technologies LLC purchased a new position in Ballard Power Systems in the fourth quarter valued at about $52,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Ballard Power Systems by 35.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock valued at $68,000 after acquiring an additional 10,767 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in shares of Ballard Power Systems during the 3rd quarter worth approximately $119,000. Finally, National Bank of Canada FI raised its holdings in shares of Ballard Power Systems by 14.7% in the 4th quarter. National Bank of Canada FI now owns 72,342 shares of the technology company’s stock worth $120,000 after purchasing an additional 9,287 shares during the period. Hedge funds and other institutional investors own 28.02% of the company’s stock.

Analyst Upgrades and Downgrades

BLDP has been the subject of several research reports. Susquehanna reduced their price objective on Ballard Power Systems from $1.40 to $1.30 and set a “neutral” rating for the company in a report on Monday, April 14th. UBS Group set a $1.25 price target on Ballard Power Systems in a research note on Friday, March 14th. Roth Mkm lowered their price objective on Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating on the stock in a research note on Friday, March 14th. BMO Capital Markets cut their target price on shares of Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating for the company in a research report on Friday, March 14th. Finally, National Bankshares reduced their target price on shares of Ballard Power Systems from $2.60 to $2.00 and set a “sector perform” rating for the company in a research note on Friday, March 14th. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.08.

Ballard Power Systems Trading Down 5.4 %

Shares of BLDP stock opened at $1.14 on Friday. The company has a market capitalization of $339.86 million, a PE ratio of -1.03 and a beta of 1.84. Ballard Power Systems Inc. has a 52-week low of $1.00 and a 52-week high of $3.34. The business’s fifty day moving average is $1.25 and its 200 day moving average is $1.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01.

Ballard Power Systems Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.