Northern Trust Corp Increases Stake in XPEL, Inc. (NASDAQ:XPEL)

Northern Trust Corp increased its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,921 shares of the company’s stock after purchasing an additional 22,388 shares during the period. Northern Trust Corp owned 0.93% of XPEL worth $10,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP grew its holdings in shares of XPEL by 46.0% during the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company’s stock worth $86,000 after purchasing an additional 682 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of XPEL by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company’s stock worth $189,000 after buying an additional 3,153 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in XPEL in the fourth quarter valued at $212,000. XTX Topco Ltd boosted its holdings in XPEL by 22.6% during the fourth quarter. XTX Topco Ltd now owns 8,324 shares of the company’s stock worth $332,000 after buying an additional 1,535 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in shares of XPEL by 78.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,758 shares of the company’s stock worth $390,000 after acquiring an additional 4,296 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Stock Up 1.0%

Shares of XPEL stock opened at $37.77 on Friday. The business has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $37.33. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $48.58. The stock has a market cap of $1.04 billion, a P/E ratio of 21.58 and a beta of 1.83.

XPEL (NASDAQ:XPEL) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. The company 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 business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, sell-side analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 6th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

XPEL Profile

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.