Norris Perne & French LLP MI continued to hold its position in shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,213 shares of the auto parts company’s stock at the end of the second quarter. Norris Perne & French LLP MI owned about 0.15% of Westport Fuel Systems worth $395,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Westport Fuel Systems by 496.2% in the first quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock worth $103,000 after buying an additional 89,931 shares in the last quarter. KCG Holdings Inc. increased its position in shares of Westport Fuel Systems by 313.2% in the first quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after buying an additional 96,365 shares in the last quarter. US Bancorp DE increased its position in shares of Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock worth $240,000 after buying an additional 96,401 shares in the last quarter. Norges Bank bought a new position in shares of Westport Fuel Systems during the fourth quarter worth about $508,000. Finally, Grace & White Inc. NY increased its position in shares of Westport Fuel Systems by 14.0% in the first quarter. Grace & White Inc. NY now owns 2,091,080 shares of the auto parts company’s stock worth $2,007,000 after buying an additional 256,129 shares in the last quarter. Institutional investors and hedge funds own 9.25% of the company’s stock.

Westport Fuel Systems Inc (WPRT) opened at 1.78 on Tuesday. The firm’s 50-day moving average is $1.97 and its 200 day moving average is $1.41. The stock’s market capitalization is $196.37 million. Westport Fuel Systems Inc has a 12-month low of $0.82 and a 12-month high of $2.65.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued its quarterly earnings results on Thursday, May 11th. The auto parts company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 32.70% and a negative return on equity of 81.28%. The firm had revenue of $60 million for the quarter, compared to analysts’ expectations of $77.71 million. Westport Fuel Systems’s revenue for the quarter was up 150.0% on a year-over-year basis. Equities research analysts anticipate that Westport Fuel Systems Inc will post ($0.47) earnings per share for the current year.

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Several research firms have weighed in on WPRT. Cowen and Company restated a “hold” rating and set a $1.50 target price on shares of Westport Fuel Systems in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

Institutional Ownership by Quarter for Westport Fuel Systems (NASDAQ:WPRT)

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