US Bancorp DE Has $597,000 Position in Westport Fuel Systems Inc. (NASDAQ:WPRT)

US Bancorp DE lowered its position in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,829 shares of the auto parts company’s stock after selling 21,520 shares during the quarter. US Bancorp DE owned 0.97% of Westport Fuel Systems worth $597,000 as of its most recent SEC filing.

Separately, Grace & White Inc. NY grew its holdings in Westport Fuel Systems by 40.3% during the fourth quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock valued at $3,737,000 after purchasing an additional 299,798 shares during the period. 21.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WPRT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $8.00 price target on shares of Westport Fuel Systems in a research note on Thursday, November 14th. HC Wainwright reaffirmed a “buy” rating and issued a $22.00 price target on shares of Westport Fuel Systems in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.13.

Westport Fuel Systems Trading Up 1.9 %

WPRT stock opened at $3.69 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.60. The company’s 50-day simple moving average is $4.17 and its 200 day simple moving average is $4.36. Westport Fuel Systems Inc. has a 52 week low of $3.26 and a 52 week high of $7.41. The company has a market capitalization of $63.71 million, a PE ratio of -2.48 and a beta of 2.93.

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.