138,477 Shares in XPEL, Inc. $XPEL Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 138,477 XPEL shares worth approximately $6.87 million, representing a 0.50% stake. Institutional investors collectively own 75.08% of the company.
• XPEL reported stronger-than-expected quarterly results, with EPS of $0.68 versus the $0.60 consensus and revenue of $143.05 million, up 14.7% year over year.
• Shares recently traded at $50.90, up 2.7%, while analyst sentiment is “Moderate Buy” with a consensus price target of $65.00.

Bank of New York Mellon Corp bought a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 138,477 shares of the company's stock, valued at approximately $6,868,000. Bank of New York Mellon Corp owned 0.50% of XPEL as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Langdon Equity Partners purchased a new position in XPEL in the fourth quarter valued at about $27,000. Hantz Financial Services Inc. boosted its holdings in shares of XPEL by 159.8% in the 4th quarter. Hantz Financial Services Inc. now owns 582 shares of the company's stock valued at $29,000 after buying an additional 358 shares in the last quarter. Parallel Advisors LLC grew its position in shares of XPEL by 424.4% in the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company's stock worth $41,000 after buying an additional 747 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of XPEL by 462.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 985 shares of the company's stock worth $49,000 after buying an additional 810 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of XPEL in the 2nd quarter worth approximately $55,000. Institutional investors own 75.08% of the company's stock.

XPEL Stock Up 2.7%

XPEL stock opened at $50.90 on Friday. The stock has a market capitalization of $1.40 billion, a PE ratio of 25.84 and a beta of 1.13. XPEL, Inc. has a 52 week low of $31.50 and a 52 week high of $55.91. The company has a quick ratio of 1.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $47.42 and a 200 day moving average of $45.50.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.08. XPEL had a net margin of 10.77% and a return on equity of 18.98%. The business had revenue of $143.05 million for the quarter, compared to analyst estimates of $135.09 million. During the same quarter in the prior year, the business posted $0.59 EPS. XPEL's revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that XPEL, Inc. will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

XPEL has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of XPEL from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 24th. Freedom Capital raised XPEL from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, B. Riley Financial increased their price objective on XPEL from $55.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

About XPEL

XPEL, Inc is a leading manufacturer and distributor of advanced protective films and coatings for automotive, marine, aviation, and architectural applications. The company's core products include paint protection film (PPF), window tinting film, and ceramic coatings designed to shield surfaces from scratches, environmental contaminants, and UV damage. XPEL's flagship PPF, known for its self-healing properties, is engineered to maintain a vehicle's factory finish by resisting swirl marks, stone chips, and acid rain.

Beyond automotive protection, XPEL has expanded its offerings to include protective films for electronics and architectural surfaces, providing solutions that enhance durability and prolong the life of high-value assets.

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