Westport Fuel Systems (NASDAQ:WPRT – Free Report) (TSE:WPRT) had its price objective cut by TD Securities from $8.00 to $7.50 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a market perform rating on the auto parts company’s stock.
Several other analysts also recently issued reports on the company. Royal Bank of Canada reduced their price target on Westport Fuel Systems from $10.00 to $9.00 and set a sector perform rating for the company in a research note on Wednesday. Oppenheimer restated an outperform rating and issued a $19.00 price target on shares of Westport Fuel Systems in a research note on Wednesday. Finally, HC Wainwright restated a buy rating and issued a $30.00 price target on shares of Westport Fuel Systems in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Westport Fuel Systems presently has an average rating of Hold and an average target price of $15.10.
Read Our Latest Stock Report on WPRT
Westport Fuel Systems Stock Performance
Institutional Trading of Westport Fuel Systems
Institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC lifted its position in shares of 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 position in shares of Westport Fuel Systems by 32.1% during 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 last quarter. Grace & White Inc. NY lifted its position in shares of Westport Fuel Systems by 18.1% during the 3rd quarter. Grace & White Inc. NY now owns 399,876 shares of the auto parts company’s stock worth $2,423,000 after buying an additional 61,199 shares during the last quarter. AMH Equity Ltd bought a new stake in shares of Westport Fuel Systems during the 3rd quarter worth $991,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Westport Fuel Systems by 165.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,562 shares of the auto parts company’s stock worth $75,000 after buying an additional 49,000 shares during the last quarter. 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.
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