In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Westport Fuel Systems Inc. (NASDAQ:WPRT) reported that Yu Peter has picked up 8,064,516 of common stock as of 2017-04-04.
The acquisition brings the aggregate amount owned by Yu Peter to a total of 8,064,516 representing a 7.33% stake in the company.
For those not familiar with the company, 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.
A glance at Westport Fuel Systems Inc. (NASDAQ:WPRT)’s key stats reveals a current market capitalization of 119.03 Million based on 109.39 Million shares outstanding and a price at last close of $1.10 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-11, Douglas picked up 15,068 at a purchase price of $6.02. This brings their total holding to 1,061,846 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Westport Fuel Systems Inc. (NASDAQ:WPRT) as things move forward to see if its progress aligns with these transactions.
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