Allspring Global Investments Holdings LLC Cuts Holdings in XPEL, Inc. $XPEL

Allspring Global Investments Holdings LLC trimmed its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,221 shares of the company’s stock after selling 763 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in XPEL were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SCS Capital Management LLC bought a new position in shares of XPEL during the 1st quarter valued at $51,460,000. Schwartz Investment Counsel Inc. lifted its holdings in shares of XPEL by 44.2% during 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. Mawer Investment Management Ltd. lifted its holdings in shares of XPEL by 11.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 443,210 shares of the company’s stock valued at $13,022,000 after buying an additional 45,677 shares during the period. LHM Inc. lifted its holdings in shares of XPEL by 35.3% during the 1st quarter. LHM Inc. now owns 165,511 shares of the company’s stock valued at $4,863,000 after buying an additional 43,158 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of XPEL by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 117,535 shares of the company’s stock valued at $3,453,000 after buying an additional 2,659 shares during the period. 75.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XPEL has been the topic of several research analyst reports. Wall Street Zen raised XPEL from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of XPEL in a report on Friday. Finally, Zacks Research raised XPEL from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, XPEL has a consensus rating of “Hold”.

XPEL Stock Down 0.2%

Shares of XPEL stock opened at $35.68 on Friday. The firm has a market cap of $987.27 million, a price-to-earnings ratio of 20.27 and a beta of 1.68. The business has a 50-day moving average price of $35.13 and a 200-day moving average price of $34.47. XPEL, Inc. has a twelve month low of $24.25 and a twelve month high of $47.23.

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

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.