Lake Street Capital Downgrades Westport Fuel Systems (WPRT) to Hold
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) was downgraded by research analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat Ratings reports.
Several other research analysts have also commented on the stock. HC Wainwright restated a “buy” rating on shares of Westport Fuel Systems in a research note on Tuesday, January 15th. Zacks Investment Research lowered shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Sunday, January 6th. Finally, BidaskClub lowered shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Westport Fuel Systems currently has an average rating of “Hold” and an average price target of $4.50.
Shares of WPRT opened at $1.27 on Tuesday. Westport Fuel Systems has a 12 month low of $1.17 and a 12 month high of $3.77. The firm has a market cap of $160.86 million, a PE ratio of -2.89 and a beta of 2.59. The company has a current ratio of 1.55, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40.
A number of large investors have recently bought and sold shares of WPRT. Pembroke Management LTD grew its stake in Westport Fuel Systems by 40.5% in the 3rd quarter. Pembroke Management LTD now owns 5,187,500 shares of the auto parts company’s stock valued at $19,920,000 after buying an additional 1,495,950 shares during the last quarter. Trellus Management Company LLC grew its stake in Westport Fuel Systems by 26.3% in the 3rd quarter. Trellus Management Company LLC now owns 240,000 shares of the auto parts company’s stock valued at $720,000 after buying an additional 50,000 shares during the last quarter. Granite Investment Partners LLC grew its stake in Westport Fuel Systems by 71.9% in the 3rd quarter. Granite Investment Partners LLC now owns 232,620 shares of the auto parts company’s stock valued at $698,000 after buying an additional 97,334 shares during the last quarter. Virtu Financial LLC acquired a new position in Westport Fuel Systems in the 3rd quarter valued at $126,000. Finally, RK Capital Management LLC acquired a new position in Westport Fuel Systems in the 3rd quarter valued at $2,983,000. Institutional investors and hedge funds own 25.84% of the company’s stock.
About Westport Fuel Systems
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.
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