Royal Bank of Canada raised its holdings in Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,049 shares of the auto parts company’s stock after purchasing an additional 375 shares during the quarter. Royal Bank of Canada owned 0.07% of Westport Fuel Systems worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WPRT. KCG Holdings Inc. boosted its holdings in Westport Fuel Systems by 313.2% in the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 96,365 shares in the last quarter. Northern Trust Corp boosted its holdings in Westport Fuel Systems by 0.5% in the 2nd quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after purchasing an additional 346 shares in the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Westport Fuel Systems in the 2nd quarter valued at approximately $1,176,000. Finally, Royce & Associates LP boosted its holdings in Westport Fuel Systems by 1.4% in the 2nd quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock valued at $12,843,000 after purchasing an additional 73,000 shares in the last quarter. 13.85% of the stock is currently owned by institutional investors.

Shares of Westport Fuel Systems Inc (NASDAQ WPRT) opened at $3.12 on Friday. Westport Fuel Systems Inc has a 12-month low of $0.82 and a 12-month high of $4.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 1.62.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 14.85% and a negative return on equity of 64.05%. The company had revenue of $60.80 million during the quarter, compared to the consensus estimate of $51.91 million. During the same period last year, the firm earned ($0.30) EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts forecast that Westport Fuel Systems Inc will post -0.5 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. CIBC assumed coverage on Westport Fuel Systems in a report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 price objective on the stock. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. assumed coverage on Westport Fuel Systems in a report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 price objective on the stock. ValuEngine raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Cowen Inc set a $2.00 price objective on Westport Fuel Systems and gave the company a “hold” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Westport Fuel Systems has a consensus rating of “Buy” and a consensus target price of $3.38.

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Westport Fuel Systems Company Profile

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

Institutional Ownership by Quarter for Westport Fuel Systems (NASDAQ:WPRT)

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