Westport Fuel Systems Inc. $WPRT Shares Sold by AMH Equity Ltd

AMH Equity Ltd lowered its position in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 13.9% during the second quarter, Holdings Channel reports. The fund owned 155,716 shares of the auto parts company’s stock after selling 25,076 shares during the quarter. AMH Equity Ltd’s holdings in Westport Fuel Systems were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in Westport Fuel Systems during the first quarter worth approximately $1,371,000. Baird Financial Group Inc. boosted its position in Westport Fuel Systems by 4.1% during the first quarter. Baird Financial Group Inc. now owns 954,186 shares of the auto parts company’s stock worth $3,540,000 after acquiring an additional 38,018 shares during the last quarter. Virtu Financial LLC purchased a new position in Westport Fuel Systems during the first quarter worth approximately $41,000. Finally, Wealthquest Corp purchased a new position in Westport Fuel Systems during the first quarter worth approximately $925,000. Institutional investors and hedge funds own 21.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WPRT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Westport Fuel Systems in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their price target on shares of Westport Fuel Systems from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Westport Fuel Systems in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Westport Fuel Systems presently has an average rating of “Hold” and an average price target of $6.93.

Westport Fuel Systems Trading Down 1.5%

NASDAQ:WPRT opened at $1.99 on Friday. The business’s 50-day moving average is $2.35 and its two-hundred day moving average is $2.87. The firm has a market capitalization of $34.53 million, a PE ratio of -0.68 and a beta of 2.90. Westport Fuel Systems Inc. has a 12 month low of $1.99 and a 12 month high of $4.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.43 and a quick ratio of 1.41.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its earnings results on Monday, August 11th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.29). The business had revenue of $12.50 million during the quarter, compared to analyst estimates of $75.49 million. Westport Fuel Systems had a negative return on equity of 16.12% and a negative net margin of 16.85%. Research analysts predict that Westport Fuel Systems Inc. will post -1.69 earnings per share for the current fiscal year.

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, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.