Bank of Montreal Can Acquires New Position in XPEL, Inc. (NASDAQ:XPEL)

Bank of Montreal Can acquired a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,923 shares of the company’s stock, valued at approximately $1,954,000. Bank of Montreal Can owned approximately 0.08% of XPEL at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in shares of XPEL by 3.9% during the 2nd quarter. Arizona State Retirement System now owns 5,818 shares of the company’s stock valued at $490,000 after buying an additional 217 shares in the last quarter. Roubaix Capital LLC purchased a new position in XPEL in the 2nd quarter worth approximately $1,926,000. Forum Financial Management LP increased its stake in XPEL by 22.0% in the 2nd quarter. Forum Financial Management LP now owns 11,628 shares of the company’s stock worth $979,000 after purchasing an additional 2,095 shares during the period. Allspring Global Investments Holdings LLC increased its stake in XPEL by 235.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 853 shares of the company’s stock worth $72,000 after purchasing an additional 599 shares during the period. Finally, SkyOak Wealth LLC purchased a new position in XPEL in the 2nd quarter worth approximately $323,000. 64.75% of the stock is owned by hedge funds and other institutional investors.

XPEL Price Performance

Shares of XPEL stock opened at $45.61 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.55 and a quick ratio of 1.21. The business’s 50 day simple moving average is $66.76 and its two-hundred day simple moving average is $74.40. The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.91 and a beta of 2.00. XPEL, Inc. has a one year low of $40.77 and a one year high of $87.46.

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

Insider Activity

In other news, CFO Barry Wood sold 562 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $85.89, for a total transaction of $48,270.18. Following the transaction, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $2,147,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Mathieu Moreau sold 5,000 shares of XPEL stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $82.98, for a total transaction of $414,900.00. Following the sale, the vice president now directly owns 21,484 shares in the company, valued at $1,782,742.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Wood sold 562 shares of XPEL stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $85.89, for a total value of $48,270.18. Following the sale, the chief financial officer now owns 25,000 shares in the company, valued at $2,147,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,562 shares of company stock valued at $4,168,140. Company insiders own 22.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price target on XPEL from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th.

XPEL Profile

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.