Renaissance Technologies LLC Makes New $67,000 Investment in Westport Fuel Systems Inc. (NASDAQ:WPRT)

Renaissance Technologies LLC purchased a new position in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,982 shares of the auto parts company’s stock, valued at approximately $67,000.

Separately, AMH Equity Ltd grew its holdings in shares of Westport Fuel Systems by 3.2% in the first quarter. AMH Equity Ltd now owns 258,101 shares of the auto parts company’s stock worth $1,740,000 after purchasing an additional 8,101 shares during the last quarter. Institutional investors own 21.30% of the company’s stock.

Westport Fuel Systems Price Performance

WPRT opened at $4.37 on Tuesday. The stock has a 50-day moving average price of $5.18 and a 200-day moving average price of $5.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.54 and a quick ratio of 1.10. The firm has a market cap of $75.30 million, a PE ratio of -2.24 and a beta of 2.83. Westport Fuel Systems Inc. has a 1 year low of $4.30 and a 1 year high of $7.86.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on WPRT. StockNews.com upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. HC Wainwright restated a “buy” rating and set a $22.00 target price on shares of Westport Fuel Systems in a report on Thursday, August 15th. Finally, Royal Bank of Canada dropped their target price 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Westport Fuel Systems presently 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.