The New Miller Lloyd I Iii Holding in Westport Fuel Systems Inc
Miller Lloyd I Iii filed with the SEC SC 13G form for Westport Fuel Systems Inc. The form can be accessed here: 000114420416130496. As reported in Miller Lloyd I Iii’s form, the filler as of late owns 5% or 5,512,527 shares of the Consumer Discretionary–company.
Westport Fuel Systems Inc stake is a new one for the and it was filed because of activity on October 28, 2016. We feel this shows Miller Lloyd I Iii’s positive view for the stock.
Westport Fuel Systems Inc Institutional Sentiment
Latest Security and Exchange filings show 77 investors own Westport Fuel Systems Inc. The institutional ownership in Q3 2015 is high, at 3.28% of the outstanding shares. This is decreased by 26727 the total institutional shares. 3587105 were the shares owned by these institutional investors. In total 8 funds opened new Westport Fuel Systems Inc stakes, 18 increased stakes. There were 13 that closed positions and 28 reduced them.
Marathon Capital Management is an institutional investor bullish on Westport Fuel Systems Inc, owning 25050 shares as of Q3 2015 for 0.03% of its portfolio. Mizuho Securities Usa Inc owns 142400 shares or 0.09% of its portfolio. NE Elkhorn Partners Limited Partnership have 0.04% of their stock portfolio for 24000 shares. Further, Bolton Lp reported stake worth 0.07% of its US stock portfolio. The FL Lyons Wealth Management Llc owns 10500 shares. Westport Fuel Systems Inc is 0.03% of the manager’s US portfolio.
Westport Fuel Systems Inc (Westport), 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. Westport’s subsidiaries design and manufacture a range of components, including pressure regulators, injectors, electronic control units, valves and filters; sell monofuel, bi-fuel and dual-fuel diesel blend conversion kits, and also offer full engine management systems and solutions. The Westport Operations segment has a customer base in Europe and North America, as well as in Asia, South America, and Africa. Westport supports customers with natural gas and propane vehicle conversions through the Ford QVM program for Ford vehicles.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment increased to 2.1 in Q2 2016. Its up 1.46, from 0.64 in 2016Q1. The ratio improved, as 10 funds sold all Westport Fuel Systems Inc (USA) shares owned while 10 reduced positions. 24 funds bought stakes while 18 increased positions. They now own 16.62 million shares or 239.06% more from 4.90 million shares in 2016Q1.
Blb&B Advsr Limited Liability Corporation, a Pennsylvania-based fund reported 20,300 shares. Commonwealth Equity Svcs holds 31,609 shares or 0% of its portfolio. Moreover, Scotia Inc has 0% invested in Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) for 15,565 shares. Canada Pension Plan Invest Board holds 0% of its portfolio in Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) for 3,000 shares. Everett Harris & Com Ca holds 14,426 shares or 0% of its portfolio. Us State Bank De owns 157,247 shares or 0% of their US portfolio. Brown Advisory Incorporated has 12,275 shares for 0% of their US portfolio. Blackrock Institutional Na accumulated 2 shares or 0% of the stock. 1832 Asset Limited Partnership has 0% invested in the company for 636 shares. National Bank Of America De holds 22,982 shares or 0% of its portfolio. Cls Invests Ltd Liability owns 433 shares or 0% of their US portfolio. Springbok Cap Mgmt Ltd Co owns 2,600 shares or 0% of their US portfolio. Valley National Advisers Inc accumulated 0% or 50 shares. Price T Rowe Assocs Md accumulated 0% or 1.29 million shares. Jane Street Grp Incorporated Ltd Liability Co has 64,307 shares for 0% of their US portfolio.
Analysts await Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) to report earnings on November, 8. They expect $-0.23 EPS, up 60.34% or $0.35 from last year’s $-0.58 per share. After $-0.40 actual EPS reported by Westport Fuel Systems Inc (USA) for the previous quarter, Wall Street now forecasts -42.50% EPS growth.
It is down 46.39% since March 29, 2016 and is downtrending. It has underperformed by 49.87% the S&P500.
Westport Fuel Systems Inc , formerly Westport Innovations Inc, is a Canada well-known provider of low-emission engine and fuel system technologies utilizing gaseous fuels. The company has a market cap of $170.64 million. It operates through the Westport Operations segment. It currently has negative earnings. The Westport Operations segment designs, makes and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) Ratings Coverage
Out of 3 analysts covering Westport Innovations (NASDAQ:WPRT), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $5.50 is the highest target while $3 is the lowest. The $4.25 average target is 172.44% above today’s ($1.56) stock price. Westport Innovations has been the topic of 5 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) has “Sector Perform” rating given on Thursday, July 30 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, November 11. The stock of Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) has “Buy” rating given on Monday, June 20 by Rodman & Renshaw.
More notable recent Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) news were published by: Fool.com which released: “Forget Westport Fuel Systems Inc.: These 2 Stocks Are Better Buys” on September 28, 2016, also Fool.com with their article: “Why Westport Innovations Inc. (USA) and Fuel Systems Merger is Good for Investors” published on June 03, 2016, Fool.com published: “Better Buy: Westport Fuel Systems Inc. vs. Navistar International Corp.” on August 08, 2016. More interesting news about Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) were released by: Seekingalpha.com and their article: “No Hope For Westport Fuel Systems” published on August 21, 2016 as well as Seekingalpha.com‘s news article titled: “Westport Fuel Systems: Time To Buy?” with publication date: September 12, 2016.
According to Zacks Investment Research, “Westport Fuel Systems Inc. is engaged in engineering, manufacturing and supply of alternative fuel systems and components. Westport Fuel Systems Inc., formerly known as Westport Innovations Inc., is headquartered in Vancouver, Canada.”
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