XPEL, Inc. (NASDAQ:XPEL) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in XPEL, Inc. (NASDAQ:XPEL) by 54.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,984 shares of the company’s stock after acquiring an additional 4,904 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of XPEL worth $407,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in XPEL. Schwartz Investment Counsel Inc. increased its position in XPEL by 44.2% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company’s stock valued at $22,750,000 after acquiring an additional 237,339 shares during the period. Mirabella Financial Services LLP acquired a new position in XPEL in the 4th quarter valued at about $8,855,000. GAMMA Investing LLC increased its position in XPEL by 11,892.7% in the 1st quarter. GAMMA Investing LLC now owns 98,100 shares of the company’s stock valued at $2,882,000 after acquiring an additional 97,282 shares during the period. Rockefeller Capital Management L.P. increased its position in XPEL by 47.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company’s stock valued at $7,714,000 after acquiring an additional 61,930 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in XPEL by 13.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company’s stock valued at $15,877,000 after acquiring an additional 48,586 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded XPEL from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st.

XPEL Trading Down 0.6%

NASDAQ XPEL opened at $37.75 on Friday. The business’s 50 day moving average is $36.54 and its two-hundred day moving average is $35.55. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $48.58. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 22.08 and a beta of 1.83.

XPEL (NASDAQ:XPEL) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. XPEL had a return on equity of 21.89% and a net margin of 10.92%. The company had revenue of $103.81 million for the quarter, compared to analysts’ expectations of $97.40 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL announced that its Board of Directors has approved 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 buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

XPEL Company 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.