Westport Fuel Systems Inc. (NASDAQ:WPRT – Get Rating) (TSE:WPRT) – Analysts at HC Wainwright issued their Q2 2023 earnings estimates for shares of Westport Fuel Systems in a research report issued to clients and investors on Wednesday, March 15th. HC Wainwright analyst A. Dayal anticipates that the auto parts company will earn ($0.07) per share for the quarter. The consensus estimate for Westport Fuel Systems’ current full-year earnings is ($0.16) per share. HC Wainwright also issued estimates for Westport Fuel Systems’ Q3 2023 earnings at ($0.07) EPS.
WPRT has been the subject of a number of other research reports. Royal Bank of Canada cut their price objective on shares of Westport Fuel Systems from $2.50 to $1.50 and set a “sector perform” rating for the company in a report on Wednesday. StockNews.com began coverage on shares of Westport Fuel Systems in a research note on Thursday. They issued a “sell” rating for the company.
Westport Fuel Systems Stock Up 8.5 %
Hedge Funds Weigh In On Westport Fuel Systems
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. boosted its position in Westport Fuel Systems by 19.6% in the 4th quarter. AWM Investment Company Inc. now owns 4,582,047 shares of the auto parts company’s stock valued at $3,550,000 after buying an additional 750,000 shares during the period. Two Sigma Investments LP acquired a new stake in Westport Fuel Systems during the 4th quarter worth $45,000. Baird Financial Group Inc. raised its stake in Westport Fuel Systems by 10.6% during the 4th quarter. Baird Financial Group Inc. now owns 3,416,271 shares of the auto parts company’s stock worth $2,647,000 after acquiring an additional 327,021 shares in the last quarter. Raymond James & Associates raised its stake in Westport Fuel Systems by 32.3% during the 4th quarter. Raymond James & Associates now owns 263,600 shares of the auto parts company’s stock worth $204,000 after acquiring an additional 64,300 shares in the last quarter. Finally, UBS Group AG raised its stake in Westport Fuel Systems by 44.2% during the 4th quarter. UBS Group AG now owns 504,088 shares of the auto parts company’s stock worth $393,000 after acquiring an additional 154,392 shares in the last quarter. Hedge funds and other institutional investors own 13.70% of the company’s stock.
About Westport Fuel Systems
Westport Fuel Systems, Inc engages in the business of engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. It operates through the following segments: Original Equipment Manufacturers (OEM), Independent Aftermarket (IAM), and Corporate. The OEM segment includes designing, manufacturing, and selling alternative fuel systems, components, and electronics including the HPDI 2.0 fuel systems product and engineering services.
- Get a free copy of the StockNews.com research report on Westport Fuel Systems (WPRT)
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