XPEL (NASDAQ:XPEL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of XPEL (NASDAQ:XPELGet Rating) from a sell rating to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “XPEL Inc. is a provider of protective films and coatings which includes automotive paint protection film, surface protection film, automotive and architectural window films and ceramic coatings. XPEL Inc. is based in San Antonio, United States. “

Separately, B. Riley lowered their price target on shares of XPEL from $120.00 to $100.00 in a research report on Tuesday, March 1st.

Shares of NASDAQ XPEL opened at $47.18 on Wednesday. The stock has a market cap of $1.31 billion, a PE ratio of 41.39 and a beta of 2.03. The company has a current ratio of 2.18, a quick ratio of 0.75 and a debt-to-equity ratio of 0.30. XPEL has a 12-month low of $40.50 and a 12-month high of $103.84. The company has a 50-day moving average of $52.84 and a 200 day moving average of $63.02.

XPEL (NASDAQ:XPELGet Rating) last posted its quarterly earnings results on Monday, February 28th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The company had revenue of $70.13 million during the quarter, compared to analyst estimates of $68.93 million. XPEL had a net margin of 12.18% and a return on equity of 44.99%. During the same period in the prior year, the business posted $0.22 EPS. On average, sell-side analysts forecast that XPEL will post 1.54 EPS for the current fiscal year.

In other news, Director Richard K. Crumly sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $62.47, for a total value of $1,186,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard K. Crumly sold 16,000 shares of XPEL stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $59.39, for a total transaction of $950,240.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 236,000 shares of company stock worth $13,596,200. Company insiders own 22.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Macquarie Group Ltd. boosted its stake in shares of XPEL by 199.5% in the 3rd quarter. Macquarie Group Ltd. now owns 647 shares of the company’s stock valued at $49,000 after buying an additional 431 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of XPEL during the fourth quarter worth $68,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in XPEL by 192.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,240 shares of the company’s stock valued at $153,000 after buying an additional 1,473 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in XPEL in the third quarter valued at $202,000. Finally, Gladius Capital Management LP purchased a new stake in XPEL during the 1st quarter worth about $214,000. Institutional investors and hedge funds own 45.13% of the company’s stock.

About XPEL (Get Rating)

XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection films, headlight protection, and automotive and architectural window films, as well as proprietary software. It also provides merchandise and apparel; ceramic coatings; and tools and accessories, which includes squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.

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