BNP Paribas Financial Markets Acquires New Position in XPEL, Inc. (NASDAQ:XPEL)

BNP Paribas Financial Markets purchased a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,858 shares of the company's stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPEL. Quantbot Technologies LP raised its holdings in shares of XPEL by 46.0% in the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after purchasing an additional 682 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of XPEL by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock worth $189,000 after purchasing an additional 3,153 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of XPEL in the 4th quarter worth approximately $212,000. XTX Topco Ltd raised its holdings in shares of XPEL by 22.6% in the 4th quarter. XTX Topco Ltd now owns 8,324 shares of the company's stock worth $332,000 after purchasing an additional 1,535 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its holdings in shares of XPEL by 78.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,758 shares of the company's stock worth $390,000 after purchasing an additional 4,296 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of XPEL from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

XPEL Stock Down 1.4%

Shares of XPEL stock traded down $0.49 during trading on Wednesday, hitting $35.75. The stock had a trading volume of 47,213 shares, compared to its average volume of 205,124. The stock has a 50 day simple moving average of $30.88 and a 200 day simple moving average of $37.09. The company has a market capitalization of $988.94 million, a PE ratio of 20.49 and a beta of 1.83. XPEL, Inc. has a 1 year low of $24.25 and a 1 year high of $48.58.

XPEL (NASDAQ:XPEL - Get Free Report) last released its 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. The business had revenue of $103.81 million for the quarter, compared to the consensus estimate of $97.40 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. As a group, equities analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL declared that its board has authorized a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically 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.