XPEL, Inc. (NASDAQ:XPEL) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in XPEL, Inc. (NASDAQ:XPEL) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,535 shares of the company’s stock after purchasing an additional 2,659 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of XPEL worth $3,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cresset Asset Management LLC increased its position in shares of XPEL by 0.5% in the 4th quarter. Cresset Asset Management LLC now owns 108,666 shares of the company’s stock valued at $4,340,000 after purchasing an additional 489 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of XPEL by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,375 shares of the company’s stock worth $574,000 after buying an additional 511 shares in the last quarter. Quantbot Technologies LP grew its holdings in XPEL by 46.0% in the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company’s stock valued at $86,000 after purchasing an additional 682 shares during the period. Exchange Traded Concepts LLC grew its stake in XPEL by 10.7% during the first quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company’s stock worth $228,000 after buying an additional 748 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of XPEL by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,485 shares of the company’s stock worth $618,000 after purchasing an additional 854 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

XPEL Price Performance

NASDAQ XPEL opened at $34.99 on Friday. The firm has a market capitalization of $968.17 million, a price-to-earnings ratio of 20.46 and a beta of 1.83. The company has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $35.38. XPEL, Inc. has a 52-week low of $24.25 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. The business had revenue of $103.81 million for the quarter, compared to the consensus estimate of $97.40 million. XPEL had a net margin of 10.92% and a return on equity of 21.89%. XPEL’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. On average, analysts predict that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its board has initiated a share buyback plan on Tuesday, May 6th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is 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.