19,679 Shares in XPEL, Inc. (NASDAQ:XPEL) Acquired by First Trust Advisors LP

First Trust Advisors LP purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 19,679 shares of the company’s stock, valued at approximately $786,000. First Trust Advisors LP owned approximately 0.07% of XPEL as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schwartz Investment Counsel Inc. lifted its position in shares of XPEL by 4.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company’s stock worth $21,448,000 after buying an additional 25,000 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of XPEL by 13.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company’s stock valued at $15,877,000 after purchasing an additional 48,586 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of XPEL by 5.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 242,584 shares of the company’s stock worth $9,689,000 after buying an additional 11,463 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in XPEL by 47.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company’s stock worth $7,714,000 after buying an additional 61,930 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of XPEL by 5.4% in the 4th quarter. Sei Investments Co. now owns 160,706 shares of the company’s stock worth $6,419,000 after acquiring an additional 8,239 shares during the period. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Up 5.7 %

NASDAQ:XPEL opened at $37.62 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 21.50 and a beta of 1.83. The company’s 50-day moving average price is $29.38 and its two-hundred day moving average price is $37.45. XPEL, Inc. has a 12 month low of $24.25 and a 12 month high of $48.58.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. The firm had revenue of $103.81 million during the quarter, compared to analysts’ expectations of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. On average, research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its board has initiated a stock buyback program on Tuesday, May 6th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.