Oppenheimer Close adds Westport Innovations (USA) (WPRT) to its portfolio

Westport Innovations (USA) (WPRT) : Oppenheimer Close added new position in Westport Innovations (USA) during the most recent quarter end. The investment management firm now holds 12,377 shares of Westport Innovations (USA) which is valued at $20,051 , the company said in a statement filed on Aug 12, 2016 with the SEC.Westport Innovations (USA) makes up approximately 0.02% of Oppenheimer Close’s portfolio.

Other Hedge Funds, Including , Sheaff Brock Investment Advisors sold out all of its stake in WPRT during the most recent quarter. The investment firm sold 10,615 shares of WPRT which is valued $15,923.Commonwealth Equity Services Inc boosted its stake in WPRT in the latest quarter, The investment management firm added 1,064 additional shares and now holds a total of 31,609 shares of Westport Innovations (USA) which is valued at $47,414.Msi Financial Services Inc boosted its stake in WPRT in the latest quarter, The investment management firm added 816 additional shares and now holds a total of 4,173 shares of Westport Innovations (USA) which is valued at $5,634.

Westport Innovations (USA) closed down -0.03 points or -2.17% at $1.35 with 6,05,193 shares getting traded on Monday. Post opening the session at $1.4, the shares hit an intraday low of $1.35 and an intraday high of $1.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Westport Innovations (USA) reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.21. The company had revenue of $44.40 million for the quarter, compared to analysts expectations of $41.85 million. The company’s revenue was up 59.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.27 EPS.

Many Wall Street Analysts have commented on Westport Innovations (USA). Rodman & Renshaw Initiated Westport Innovations (USA) on Jun 20, 2016 to “Buy”, Price Target of the shares are set at $5.

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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