XPEL, Inc. $XPEL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in XPEL, Inc. (NASDAQ:XPEL) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,589,700 shares of the company’s stock after selling 32,662 shares during the quarter. Vanguard Group Inc. owned about 5.75% of XPEL worth $46,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in XPEL by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company’s stock worth $407,000 after purchasing an additional 4,904 shares in the last quarter. Deutsche Bank AG boosted its holdings in XPEL by 47.9% in the 4th quarter. Deutsche Bank AG now owns 23,017 shares of the company’s stock worth $919,000 after acquiring an additional 7,459 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of XPEL by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,115 shares of the company’s stock valued at $2,201,000 after buying an additional 8,484 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of XPEL by 111.3% during the 1st quarter. Bridges Investment Management Inc. now owns 52,823 shares of the company’s stock valued at $1,552,000 after buying an additional 27,826 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of XPEL during the 4th quarter valued at approximately $514,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

XPEL Stock Down 0.9%

NASDAQ:XPEL opened at $38.24 on Tuesday. The stock has a fifty day simple moving average of $35.98 and a 200 day simple moving average of $34.20. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.73 and a beta of 1.83. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $47.23.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $124.71 million during the quarter, compared to the consensus estimate of $118.37 million. XPEL had a return on equity of 21.17% and a net margin of 10.84%.The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Equities analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL announced that its Board of Directors has initiated a stock repurchase program 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 programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

XPEL has been the topic of several research reports. Zacks Research raised XPEL to a “strong sell” rating in a research report on Friday, August 8th. Wall Street Zen lowered XPEL from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.