Westport Fuel Systems (NASDAQ:WPRT) Rating Reiterated by Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $19.00 target price on the auto parts company’s stock.

Westport Fuel Systems Stock Performance

Shares of WPRT opened at $6.74 on Wednesday. The firm has a market cap of $115.76 million, a PE ratio of -2.36 and a beta of 2.45. The stock’s fifty day moving average price is $6.03 and its two-hundred day moving average price is $6.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.61 and a quick ratio of 1.14. Westport Fuel Systems has a 1 year low of $4.90 and a 1 year high of $12.00.

Institutional Trading of Westport Fuel Systems

Several hedge funds have recently made changes to their positions in WPRT. Captrust Financial Advisors raised its stake in shares of Westport Fuel Systems by 107.6% in the third quarter. Captrust Financial Advisors now owns 34,876 shares of the auto parts company’s stock valued at $30,000 after buying an additional 18,076 shares during the period. Advisor Group Holdings Inc. raised its stake in shares of Westport Fuel Systems by 70.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 21,226 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 8,800 shares during the period. Two Sigma Investments LP bought a new stake in shares of Westport Fuel Systems during the 4th quarter valued at $45,000. Cibc World Market Inc. bought a new stake in shares of Westport Fuel Systems during the 1st quarter valued at $51,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Westport Fuel Systems by 251.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 35,111 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 25,111 shares during the period. 21.30% of the stock is currently owned by 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, the Americas, Asia, Africa, and internationally. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments.