Westport Fuel Systems (NASDAQ:WPRT) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) in a research report issued on Friday. The brokerage set a “hold” rating on the auto parts company’s stock.

WPRT has been the subject of several other research reports. HC Wainwright cut their price objective on Westport Fuel Systems from $22.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Cormark cut their price target on shares of Westport Fuel Systems from $11.50 to $10.80 in a report on Tuesday, April 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Westport Fuel Systems from $8.00 to $4.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 1st.

Westport Fuel Systems Stock Up 1.1%

WPRT stock opened at $2.85 on Friday. The stock has a market capitalization of $49.38 million, a PE ratio of -1.91 and a beta of 3.01. The company has a fifty day moving average of $3.16 and a 200-day moving average of $3.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.60. Westport Fuel Systems has a one year low of $2.50 and a one year high of $6.60.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings data on Tuesday, May 13th. The auto parts company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.33. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%. The firm had revenue of $70.96 million during the quarter, compared to the consensus estimate of $70.96 million. As a group, analysts expect that Westport Fuel Systems will post -1.69 EPS for the current year.

Institutional Trading of Westport Fuel Systems

Institutional investors have recently bought and sold shares of the company. Grace & White Inc. NY raised its stake in shares of Westport Fuel Systems by 40.3% during the 4th quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock worth $3,737,000 after buying an additional 299,798 shares during the last quarter. Baird Financial Group Inc. raised its position in Westport Fuel Systems by 34.6% during the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company’s stock worth $3,280,000 after acquiring an additional 235,610 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Westport Fuel Systems by 2,384.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company’s stock worth $57,000 after acquiring an additional 15,715 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Westport Fuel Systems in the first quarter valued at about $41,000. Finally, Wealthquest Corp acquired a new stake in shares of Westport Fuel Systems in the first quarter valued at approximately $925,000. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

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.