Invesco Ltd. Buys 6,562 Shares of XPEL, Inc. $XPEL

Invesco Ltd. increased its stake in shares of XPEL, Inc. (NASDAQ:XPEL) by 13.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,042 shares of the company’s stock after buying an additional 6,562 shares during the quarter. Invesco Ltd. owned 0.21% of XPEL worth $1,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of XPEL. Eukles Asset Management bought a new position in shares of XPEL during the 1st quarter worth approximately $35,000. GAMMA Investing LLC lifted its position in shares of XPEL by 308.2% during the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company’s stock worth $98,000 after buying an additional 2,521 shares during the period. Victory Capital Management Inc. lifted its position in shares of XPEL by 12.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company’s stock worth $159,000 after buying an additional 583 shares during the period. Tower Research Capital LLC TRC lifted its position 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 during the period. Finally, Squarepoint Ops LLC bought a new position in shares of XPEL during the 4th quarter worth approximately $210,000. Institutional investors own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

XPEL has been the subject of several analyst reports. Zacks Research upgraded XPEL to a “strong sell” rating in a research report on Friday, August 8th. Wall Street Zen downgraded XPEL from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XPEL currently has an average rating of “Sell”.

XPEL Stock Performance

Shares of XPEL opened at $37.16 on Monday. The stock has a fifty day moving average price of $36.10 and a two-hundred day moving average price of $34.09. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $47.23. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 21.11 and a beta of 1.67.

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

XPEL announced that its board has authorized a share repurchase program on Tuesday, May 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is 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.