Grace & White Inc. NY Boosts Stock Position in Westport Fuel Systems Inc. (NASDAQ:WPRT)

Grace & White Inc. NY boosted its holdings in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 525,451 shares of the auto parts company’s stock after acquiring an additional 125,575 shares during the quarter. Grace & White Inc. NY’s holdings in Westport Fuel Systems were worth $3,478,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WPRT. AE Wealth Management LLC boosted its holdings in Westport Fuel Systems by 25.0% during the 3rd quarter. AE Wealth Management LLC now owns 51,439 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 10,300 shares during the period. Trellus Management Company LLC lifted its holdings in shares of Westport Fuel Systems by 32.1% in the 3rd quarter. Trellus Management Company LLC now owns 83,238 shares of the auto parts company’s stock worth $504,000 after buying an additional 20,238 shares during the period. Finally, AMH Equity Ltd purchased a new stake in shares of Westport Fuel Systems in the 3rd quarter worth $991,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

WPRT has been the subject of several research reports. Royal Bank of Canada lowered their target price on Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Wednesday, March 27th. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of Westport Fuel Systems in a research note on Wednesday, March 27th. Oppenheimer restated an “outperform” rating and set a $19.00 price objective on shares of Westport Fuel Systems in a research note on Wednesday, March 27th. Finally, TD Securities decreased their price objective on Westport Fuel Systems from $8.00 to $7.50 and set a “market perform” rating for the company in a research note on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.10.

Westport Fuel Systems Stock Down 0.3 %

NASDAQ:WPRT traded down $0.02 during mid-day trading on Tuesday, hitting $5.81. 51,023 shares of the company’s stock traded hands, compared to its average volume of 49,641. The company has a fifty day moving average of $6.09 and a 200 day moving average of $6.20. Westport Fuel Systems Inc. has a twelve month low of $4.90 and a twelve month high of $12.00. The company has a market capitalization of $99.79 million, a P/E ratio of -2.05 and a beta of 2.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.61.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its earnings results on Monday, March 25th. The auto parts company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.19). Westport Fuel Systems had a negative net margin of 14.97% and a negative return on equity of 26.18%. The business had revenue of $87.20 million for the quarter, compared to analyst estimates of $82.00 million. On average, analysts forecast that Westport Fuel Systems Inc. will post -1.73 EPS for the current year.

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.