Principal Financial Group Inc. Sells 2,455 Shares of XPEL, Inc. (NASDAQ:XPEL)

Principal Financial Group Inc. lowered its position in XPEL, Inc. (NASDAQ:XPEL) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,647 shares of the company’s stock after selling 2,455 shares during the period. Principal Financial Group Inc. owned 0.43% of XPEL worth $8,062,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XPEL. Federated Hermes Inc. bought a new position in shares of XPEL in the third quarter valued at approximately $28,000. PNC Financial Services Group Inc. raised its holdings in shares of XPEL by 118.5% in the first 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. Russell Investments Group Ltd. bought a new position in shares of XPEL in the first quarter valued at about $45,000. Armstrong Advisory Group Inc. raised its holdings in shares of XPEL by 75.0% in the first quarter. Armstrong Advisory Group Inc. now owns 700 shares of the company’s stock valued at $48,000 after buying an additional 300 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of XPEL in the first quarter valued at about $51,000. Institutional investors own 64.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price objective on shares of XPEL from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th.

Insider Buying and Selling at XPEL

In other XPEL news, Director Richard K. Crumly sold 10,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $70.68, for a total transaction of $706,800.00. Following the completion of the sale, the director now owns 378,668 shares in the company, valued at approximately $26,764,254.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard K. Crumly sold 6,856 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $79.51, for a total transaction of $545,120.56. Following the sale, the director now owns 316,912 shares of the company’s stock, valued at approximately $25,197,673.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard K. Crumly sold 10,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $70.68, for a total value of $706,800.00. Following the sale, the director now directly owns 378,668 shares in the company, valued at approximately $26,764,254.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,418 shares of company stock worth $7,000,721. Insiders own 22.60% of the company’s stock.

XPEL Stock Performance

Shares of NASDAQ:XPEL opened at $84.32 on Thursday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 47.91 and a beta of 1.91. XPEL, Inc. has a 1-year low of $57.13 and a 1-year high of $87.46. The company has a current ratio of 3.55, a quick ratio of 1.21 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $82.35 and a two-hundred day moving average price of $75.34.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $102.30 million during the quarter, compared to analysts’ expectations of $101.47 million. XPEL had a return on equity of 36.89% and a net margin of 13.71%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Equities analysts predict that XPEL, Inc. will post 2.02 earnings per share for the current year.

About XPEL

XPEL, Inc sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection, 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 include squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.