Lake Street Capital downgraded shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) from a buy rating to a hold rating in a report released on Tuesday, February 5th, MarketBeat Ratings reports.
Other research analysts also recently issued reports about the stock. Zacks Investment Research restated a hold rating on shares of Westport Fuel Systems in a research report on Saturday, November 17th. HC Wainwright reiterated a buy rating and issued a $6.00 target price on shares of Westport Fuel Systems in a report on Thursday, October 11th. Finally, BidaskClub lowered shares of Westport Fuel Systems from a sell rating to a strong sell rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $4.50.
Shares of WPRT traded up $0.02 during midday trading on Tuesday, hitting $1.37. 516,451 shares of the stock traded hands, compared to its average volume of 953,486. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.55. The company has a market cap of $198.09 million, a price-to-earnings ratio of -3.11 and a beta of 2.59. Westport Fuel Systems has a 1-year low of $1.17 and a 1-year high of $3.77.
Several large investors have recently made changes to their positions in WPRT. Pembroke Management LTD increased its stake in shares of 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 worth $19,920,000 after purchasing an additional 1,495,950 shares in the last quarter. RK Capital Management LLC acquired a new position in Westport Fuel Systems in the 3rd quarter worth about $2,983,000. Royce & Associates LP increased its holdings in Westport Fuel Systems by 9.4% in the 4th quarter. Royce & Associates LP now owns 7,223,522 shares of the auto parts company’s stock worth $9,607,000 after purchasing an additional 621,939 shares in the last quarter. Telos Capital Management Inc. acquired a new position in Westport Fuel Systems in the 4th quarter worth about $559,000. Finally, Grace & White Inc. NY increased its holdings in Westport Fuel Systems by 20.8% in the 4th quarter. Grace & White Inc. NY now owns 1,968,404 shares of the auto parts company’s stock worth $2,618,000 after purchasing an additional 339,341 shares in the last quarter. 25.48% of the stock is currently owned by institutional investors.
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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