BNP Paribas Financial Markets Acquires Shares of 12,858 XPEL, Inc. (NASDAQ:XPEL)

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

A number of other large investors also recently modified their holdings of the stock. Schwartz Investment Counsel Inc. increased its position in XPEL by 4.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company's stock worth $21,448,000 after purchasing an additional 25,000 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of XPEL by 13.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock valued at $15,877,000 after purchasing an additional 48,586 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of XPEL by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 317,971 shares of the company's stock worth $12,700,000 after buying an additional 3,701 shares during the period. Northern Trust Corp raised its stake in shares of XPEL by 9.6% during the fourth quarter. Northern Trust Corp now owns 255,921 shares of the company's stock worth $10,221,000 after buying an additional 22,388 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of XPEL by 5.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 242,584 shares of the company's stock worth $9,689,000 after buying an additional 11,463 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

XPEL Stock Up 1.9%

XPEL stock traded up $0.69 during midday trading on Thursday, hitting $36.52. 129,283 shares of the stock were exchanged, compared to its average volume of 202,681. The stock has a market capitalization of $1.01 billion, a PE ratio of 20.87 and a beta of 1.83. The company has a fifty day simple moving average of $31.01 and a two-hundred day simple moving average of $37.02. 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 earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.06. The business had revenue of $103.81 million during the quarter, compared to analysts' expectations of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. XPEL's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. As a group, equities research analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its board has approved a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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.