Paradigm Capital Management Inc. NY bought a new position in Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 500,600 shares of the auto parts company’s stock, valued at approximately $1,176,000. Paradigm Capital Management Inc. NY owned about 0.45% of Westport Fuel Systems at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royce & Associates LP grew its position in Westport Fuel Systems by 1.0% in the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock worth $5,176,000 after purchasing an additional 52,500 shares during the last quarter. Wells Fargo & Company MN grew its position in Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 89,931 shares during the last quarter. KCG Holdings Inc. grew its position in Westport Fuel Systems by 313.2% in the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 96,365 shares during the last quarter. Finally, US Bancorp DE grew its position in Westport Fuel Systems by 62.7% in the 1st quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock worth $240,000 after purchasing an additional 96,401 shares during the last quarter. Hedge funds and other institutional investors own 9.38% of the company’s stock.

WPRT has been the subject of several recent analyst reports. ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. 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 research report on Thursday, July 13th. Cowen and Company restated a “hold” rating and issued a $1.50 target price on shares of Westport Fuel Systems in a research report on Friday, July 14th. HC Wainwright set a $5.00 target price on shares of Westport Fuel Systems and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Westport Fuel Systems in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Westport Fuel Systems has a consensus rating of “Hold” and a consensus price target of $2.69.

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Westport Fuel Systems Inc (WPRT) traded down 0.69% on Wednesday, hitting $2.87. 45,678 shares of the stock traded hands. The stock has a 50-day moving average price of $2.13 and a 200 day moving average price of $1.62. The stock’s market cap is $374.25 million. Westport Fuel Systems Inc has a 12-month low of $0.82 and a 12-month high of $2.93.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last announced its earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. The company had revenue of $62.10 million during the quarter, compared to the consensus estimate of $58.44 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 66.9% on a year-over-year basis. On average, equities analysts expect that Westport Fuel Systems Inc will post ($0.49) EPS for the current fiscal year.

Westport Fuel Systems 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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