BNP Paribas Financial Markets Purchases New Stake in XPEL, Inc. (NASDAQ:XPEL)

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

Several other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its stake in XPEL by 46.0% during the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock valued at $86,000 after purchasing an additional 682 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in XPEL by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock valued at $189,000 after purchasing an additional 3,153 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of XPEL during the 4th quarter worth about $212,000. XTX Topco Ltd raised its position in shares of XPEL by 22.6% during the fourth quarter. XTX Topco Ltd now owns 8,324 shares of the company's stock valued at $332,000 after buying an additional 1,535 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its stake 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 valued at $390,000 after buying an additional 4,296 shares in the last quarter. Institutional investors own 75.08% of the company's stock.

XPEL Price Performance

XPEL stock traded up $1.75 during mid-day trading on Tuesday, reaching $36.24. The company had a trading volume of 162,731 shares, compared to its average volume of 205,729. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 20.71 and a beta of 1.83. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58. The stock has a 50 day simple moving average of $30.80 and a two-hundred day simple moving average of $37.10.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $0.24 EPS. The company's quarterly revenue was up 15.2% on a year-over-year basis. On average, equities analysts predict that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

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

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.