First Trust Advisors LP Acquires Shares of 19,679 XPEL, Inc. (NASDAQ:XPEL)

First Trust Advisors LP acquired a new position in XPEL, Inc. (NASDAQ:XPEL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,679 shares of the company's stock, valued at approximately $786,000. First Trust Advisors LP owned 0.07% of XPEL at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XPEL. Schwartz Investment Counsel Inc. increased its holdings in XPEL by 4.9% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company's stock worth $21,448,000 after buying an additional 25,000 shares in the last quarter. Mawer Investment Management Ltd. grew its position in XPEL by 13.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock valued at $15,877,000 after buying an additional 48,586 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in XPEL by 5.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 242,584 shares of the company's stock valued at $9,689,000 after buying an additional 11,463 shares during the period. Rockefeller Capital Management L.P. increased its holdings in XPEL by 47.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company's stock valued at $7,714,000 after buying an additional 61,930 shares during the last quarter. Finally, Sei Investments Co. raised its position in XPEL by 5.4% in the fourth quarter. Sei Investments Co. now owns 160,706 shares of the company's stock worth $6,419,000 after acquiring an additional 8,239 shares during the period. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Trading Down 1.6%

XPEL stock traded down $0.64 during trading on Wednesday, reaching $38.21. The company had a trading volume of 44,023 shares, compared to its average volume of 205,420. The firm's 50-day simple moving average is $29.85 and its 200 day simple moving average is $37.39. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.82 and a beta of 1.83. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The business had revenue of $103.81 million during the quarter, compared to the consensus estimate of $97.40 million. During the same period in the prior year, the company posted $0.24 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL announced that its board has initiated a share buyback program on Tuesday, May 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors 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.