XPEL, Inc. $XPEL Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in XPEL, Inc. (NASDAQ:XPEL) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,498 shares of the company’s stock after buying an additional 936 shares during the period. State of Alaska Department of Revenue’s holdings in XPEL were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XPEL. SCS Capital Management LLC purchased a new stake in XPEL in the 1st quarter valued at about $51,460,000. Schwartz Investment Counsel Inc. raised its holdings 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 buying an additional 237,339 shares during the period. GAMMA Investing LLC raised its holdings 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 buying an additional 97,282 shares during the period. Nuveen LLC purchased a new stake in XPEL in the 1st quarter valued at about $2,714,000. Finally, Sprucegrove Investment Management Ltd. purchased a new stake in XPEL in the 1st quarter valued at about $1,528,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Stock Performance

XPEL stock opened at $34.47 on Thursday. The company’s 50 day moving average price is $35.15 and its 200 day moving average price is $34.06. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $47.23. The firm has a market capitalization of $953.78 million, a price-to-earnings ratio of 19.59 and a beta of 1.68.

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

Analyst Ratings Changes

Several analysts recently issued reports on XPEL shares. Zacks Research upgraded shares of XPEL from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of XPEL in a report on Wednesday. Finally, Wall Street Zen upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, XPEL currently has an average rating of “Hold”.

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.