US Bancorp DE Purchases 118,780 Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT)

US Bancorp DE lifted its position in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 170.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 188,349 shares of the auto parts company’s stock after purchasing an additional 118,780 shares during the quarter. US Bancorp DE’s holdings in Westport Fuel Systems were worth $865,000 at the end of the most recent reporting period.

Separately, Grace & White Inc. NY grew its holdings in shares of Westport Fuel Systems by 19.0% in the 3rd quarter. Grace & White Inc. NY now owns 744,182 shares of the auto parts company’s stock worth $3,416,000 after purchasing an additional 118,860 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

Westport Fuel Systems Price Performance

Shares of NASDAQ:WPRT opened at $4.06 on Friday. Westport Fuel Systems Inc. has a 12 month low of $3.97 and a 12 month high of $7.86. The company’s 50-day moving average price is $4.59 and its two-hundred day moving average price is $5.42. The company has a quick ratio of 1.10, a current ratio of 1.54 and a debt-to-equity ratio of 0.17. The firm has a market cap of $70.10 million, a P/E ratio of -2.08 and a beta of 2.84.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings data on Tuesday, August 13th. The auto parts company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. Westport Fuel Systems had a negative net margin of 10.18% and a negative return on equity of 29.81%. The firm had revenue of $88.64 million for the quarter, compared to analyst estimates of $86.23 million. As a group, research analysts forecast that Westport Fuel Systems Inc. will post -1.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WPRT shares. StockNews.com raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada decreased their price objective on shares of Westport Fuel Systems from $9.00 to $8.00 and set a “sector perform” rating on the stock in a report on Thursday, August 15th. Finally, HC Wainwright reissued a “buy” rating and set a $22.00 price objective on shares of Westport Fuel Systems in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Westport Fuel Systems currently has a consensus rating of “Hold” and a consensus price target of $14.13.

Westport Fuel Systems Company Profile

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.