US Bancorp DE Sells 21,520 Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT)

US Bancorp DE lessened its holdings in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,829 shares of the auto parts company’s stock after selling 21,520 shares during the quarter. US Bancorp DE’s holdings in Westport Fuel Systems were worth $597,000 at the end of the most recent reporting period.

Separately, Grace & White Inc. NY increased its position in Westport Fuel Systems by 40.3% during the 4th quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock valued at $3,737,000 after purchasing an additional 299,798 shares during the period. 21.30% of the stock is owned by institutional investors and hedge funds.

Westport Fuel Systems Trading Up 1.9 %

Shares of Westport Fuel Systems stock opened at $3.69 on Wednesday. Westport Fuel Systems Inc. has a 52-week low of $3.26 and a 52-week high of $7.41. The stock’s 50-day simple moving average is $4.17 and its 200 day simple moving average is $4.36. The stock has a market capitalization of $63.71 million, a P/E ratio of -2.48 and a beta of 2.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.60.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WPRT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $8.00 price objective on shares of Westport Fuel Systems in a research report on Thursday, November 14th. HC Wainwright reaffirmed a “buy” rating and set a $22.00 price objective on shares of Westport Fuel Systems in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.