Pembroke Management LTD raised its stake in shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) by 20.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,849,500 shares of the auto parts company’s stock after buying an additional 989,800 shares during the period. Pembroke Management LTD owned about 4.39% of Westport Fuel Systems worth $12,167,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Two Sigma Investments LP acquired a new stake in shares of Westport Fuel Systems during the 4th quarter valued at $59,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Westport Fuel Systems in the 4th quarter valued at $60,000. Two Sigma Securities LLC acquired a new stake in shares of Westport Fuel Systems in the 4th quarter valued at $62,000. Virtu Financial LLC lifted its stake in shares of Westport Fuel Systems by 358.6% in the 4th quarter. Virtu Financial LLC now owns 84,334 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 65,944 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Westport Fuel Systems by 49.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 89,300 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 29,400 shares during the last quarter. 26.13% of the stock is owned by institutional investors.
Several research firms recently issued reports on WPRT. HC Wainwright reaffirmed 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, Lake Street Capital lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its earnings results on Tuesday, March 19th. The auto parts company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $60.50 million during the quarter, compared to the consensus estimate of $62.15 million. Westport Fuel Systems had a negative return on equity of 41.24% and a negative net margin of 11.49%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) EPS. Equities analysts forecast that Westport Fuel Systems Inc will post -0.13 earnings per share for the current year.
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Westport Fuel Systems Profile
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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