3,833,547 Shares in XPEL, Inc. $XPEL Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 3,833,547 XPEL shares worth approximately $190.1 million, giving it a 13.91% stake. Institutional investors collectively own 75.08% of the company.
• XPEL exceeded quarterly expectations, reporting EPS of $0.68 versus the $0.60 consensus and revenue of $143.05 million, up 14.7% year over year.
• Analyst sentiment remains positive: B. Riley raised its price target to $65, Freedom Capital upgraded the stock to “strong buy,” and the consensus rating is “Moderate Buy” with a $65 average target.

BlackRock Inc. bought a new stake in 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 3,833,547 shares of the company's stock, valued at approximately $190,144,000. BlackRock Inc. owned approximately 13.91% of XPEL as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Deutsche Bank AG acquired a new position in XPEL during the second quarter worth $1,352,000. SCS Capital Management LLC acquired a new stake in XPEL in the 2nd quarter valued at approximately $61,580,000. Bank of New York Mellon Corp bought a new position in XPEL during the second quarter worth $6,868,000. State of Wyoming bought a new stake in XPEL in the 2nd quarter valued at $259,000. Finally, GSA Capital Partners LLP bought a new stake in XPEL in the 2nd quarter valued at $334,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Trading Down 0.2%

XPEL stock opened at $50.69 on Friday. The firm has a 50-day moving average of $47.09 and a 200-day moving average of $45.64. XPEL, Inc. has a one year low of $31.50 and a one year high of $55.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.61 and a quick ratio of 1.14. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 25.73 and a beta of 1.09.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. B. Riley Financial boosted their price target on shares of XPEL from $55.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Freedom Capital upgraded XPEL from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised XPEL from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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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