Adirondack Retirement Specialists Inc. decreased its holdings in shares of XPEL, Inc. (NASDAQ:XPEL – Get Rating) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,204 shares of the company’s stock after selling 8,583 shares during the quarter. XPEL accounts for approximately 11.0% of Adirondack Retirement Specialists Inc.’s investment portfolio, making the stock its 4th largest position. Adirondack Retirement Specialists Inc. owned 0.65% of XPEL worth $10,823,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of XPEL. Federated Hermes Inc. bought a new stake in XPEL in the third quarter valued at approximately $28,000. PNC Financial Services Group Inc. raised its position in XPEL by 118.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 601 shares of the company’s stock valued at $32,000 after buying an additional 326 shares during the last quarter. Strs Ohio purchased a new stake in XPEL in the 3rd quarter valued at $45,000. Lazard Asset Management LLC purchased a new stake in XPEL in the 1st quarter valued at $51,000. Finally, UBS Group AG raised its position in XPEL by 88.6% in the 3rd quarter. UBS Group AG now owns 1,473 shares of the company’s stock valued at $95,000 after buying an additional 692 shares during the last quarter. Institutional investors and hedge funds own 59.47% of the company’s stock.
Insider Transactions at XPEL
In other news, Director Richard K. Crumly sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $70.76, for a total transaction of $707,600.00. Following the completion of the transaction, the director now owns 603,768 shares of the company’s stock, valued at $42,722,623.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 140,001 shares of company stock valued at $10,195,177. 22.60% of the stock is owned by corporate insiders.
XPEL Stock Down 1.0 %
XPEL (NASDAQ:XPEL – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). XPEL had a net margin of 13.32% and a return on equity of 37.55%. The company had revenue of $78.48 million for the quarter, compared to analysts’ expectations of $83.06 million. As a group, equities research analysts predict that XPEL, Inc. will post 2.04 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on XPEL. EF Hutton Acquisition Co. I reaffirmed a “buy” rating and set a $104.00 target price on shares of XPEL in a research report on Wednesday, March 1st. B. Riley decreased their target price on XPEL from $100.00 to $95.00 in a research report on Wednesday, March 1st.
About XPEL
XPEL, Inc engages in the manufacture and distribution of automotive products. It offers paint protection, aumototive, and flat glass window films, and plotters. The company was founded on October 14, 2003 and is headquartered in San Antonio, TX.
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