Mizuho Securities Usa Exits Position in Westport Innovations (USA) (WPRT)

Westport Innovations (USA) (WPRT) : Mizuho Securities Usa has sold out all of its stake in Westport Innovations (USA) during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 97,800 shares of Westport Innovations (USA) which is valued at $245,478.

Westport Innovations (USA) opened for trading at $2.51 and hit $2.64 on the upside on Wednesday, eventually ending the session at $2.59, with a gain of 3.60% or 0.09 points. The heightened volatility saw the trading volume jump to 1,22,152 shares. Company has a market cap of $167 M.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in WPRT by selling 100 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 200 shares of WPRT which is valued at $502. Carroll Financial Associates added WPRT to its portfolio by purchasing 550 company shares during the most recent quarter which is valued at $1,381. Beacon Capital Management sold out all of its stake in WPRT during the most recent quarter. The investment firm sold 60 shares of WPRT which is valued $151. Investors Asset Management Of Georgia Inc Ga Adv added WPRT to its portfolio by purchasing 18,600 company shares during the most recent quarter which is valued at $47,430. Westport Innovations (USA) makes up approx 0.04% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.

On the company’s financial health, Westport Innovations (USA) reported $-0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Mar 29, 2016. Analyst had a consensus of $-0.28. The company had revenue of $32.00 million for the quarter, compared to analysts expectations of $32.43 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.02 EPS.

Westport Innovations Inc. is a provider of engine and fuel system technologies utilizing gaseous fuels. The Company operates through six segments: Westport Applied Technologies Business Unit Westport On-Road Systems Business Unit Westport Off-Road Systems Business Unit Corporate and Technology Investments Business Unit Cummins Westport Inc and Weichai Westport Inc. Westport Applied Technologies Business Unit designs produces and sells compressed natural gas and liquefied petroleum gas components and subsystems for natural gas vehicles. Westport On-Road Systems Business Unit engineers designs assemble and sell natural gas engine and vehicle systems. Westport Off-Road Systems Business Unit engineers designs and markets the Company’s natural gas technologies. Cummins Westport serves the medium- to heavy-duty engine markets with spark ignited natural gas engines. Weichai Westport develops manufactures and sells advanced alternative fuel engines and parts.

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