US Bancorp DE Has $865,000 Position in Westport Fuel Systems Inc. (NASDAQ:WPRT)

US Bancorp DE lifted its holdings in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 170.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,349 shares of the auto parts company’s stock after purchasing an additional 118,780 shares during the period. US Bancorp DE owned 1.09% of Westport Fuel Systems worth $865,000 as of its most recent filing with the SEC.

Separately, Grace & White Inc. NY increased its position in Westport Fuel Systems by 19.0% in the 3rd quarter. Grace & White Inc. NY now owns 744,182 shares of the auto parts company’s stock worth $3,416,000 after buying an additional 118,860 shares during the period. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WPRT shares. StockNews.com raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Royal Bank of Canada cut their target price on shares of Westport Fuel Systems from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Thursday, August 15th. Finally, HC Wainwright reiterated a “buy” rating and set a $22.00 target price on shares of Westport Fuel Systems in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.13.

Westport Fuel Systems Price Performance

NASDAQ:WPRT opened at $4.06 on Friday. The stock has a market cap of $70.10 million, a P/E ratio of -2.08 and a beta of 2.84. Westport Fuel Systems Inc. has a one year low of $3.97 and a one year high of $7.86. The company has a fifty day moving average price of $4.59 and a 200 day moving average price of $5.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.54 and a quick ratio of 1.10.

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