Grace & White Inc. NY Purchases 299,798 Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT)

Grace & White Inc. NY increased its stake in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,043,980 shares of the auto parts company’s stock after buying an additional 299,798 shares during the quarter. Grace & White Inc. NY owned about 6.05% of Westport Fuel Systems worth $3,737,000 as of its most recent SEC filing.

Separately, US Bancorp DE lifted its position in Westport Fuel Systems by 170.7% during the 3rd quarter. US Bancorp DE now owns 188,349 shares of the auto parts company’s stock worth $865,000 after acquiring an additional 118,780 shares during the period. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on WPRT shares. Royal Bank of Canada restated a “sector perform” rating and set a $8.00 price target 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 target 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 assigned a buy rating to the stock. According to data from MarketBeat, Westport Fuel Systems presently has an average rating of “Hold” and a consensus target price of $14.13.

Westport Fuel Systems Trading Down 1.8 %

NASDAQ WPRT opened at $4.28 on Thursday. The company has a 50-day moving average of $4.02 and a 200-day moving average of $4.58. Westport Fuel Systems Inc. has a 12 month low of $3.26 and a 12 month high of $7.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.60 and a quick ratio of 1.00. The company has a market cap of $73.87 million, a P/E ratio of -2.87 and a beta of 2.93.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its earnings results on Tuesday, November 12th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%. The business had revenue of $66.25 million for the quarter, compared to analyst estimates of $66.88 million. During the same quarter in the prior year, the business posted ($0.68) EPS. As a group, equities analysts predict that Westport Fuel Systems Inc. will post -1.69 earnings per share for the current year.

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.