69,098 Shares of XPEL, Inc. $XPEL Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 69,098 XPEL shares worth approximately $3.43 million, giving it a 0.25% stake. Institutional investors collectively own 75.08% of the company.
• XPEL exceeded quarterly expectations, reporting $0.68 earnings per share versus the $0.60 consensus estimate and $143.05 million in revenue, up 14.7% year over year.
• Analyst sentiment is moderately bullish: XPEL has an average “Moderate Buy” rating and a $65 price target, although its shares recently opened at $44.18.

Bank of America Corp DE bought a new stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 69,098 shares of the company's stock, valued at approximately $3,427,000. Bank of America Corp DE owned about 0.25% of XPEL as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its position in shares of XPEL by 159.8% during 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 during the last quarter. Langdon Equity Partners purchased a new stake in XPEL in the 4th quarter worth about $27,000. Quantinno Capital Management LP raised its stake in XPEL by 16.4% in the 1st quarter. Quantinno Capital Management LP now owns 4,712 shares of the company's stock valued at $209,000 after acquiring an additional 665 shares during the period. Parallel Advisors LLC raised its stake in XPEL by 424.4% in the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company's stock valued at $41,000 after acquiring an additional 747 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in XPEL by 11.4% during the first quarter. Illinois Municipal Retirement Fund now owns 14,052 shares of the company's stock valued at $622,000 after purchasing an additional 1,442 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Price Performance

Shares of XPEL stock opened at $44.18 on Wednesday. XPEL, Inc. has a 52-week low of $31.88 and a 52-week high of $55.91. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.43 and a beta of 1.13. The company has a fifty day moving average of $47.38 and a 200-day moving average of $45.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.14 and a current ratio of 2.61.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.68 EPS for the quarter, topping 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 company had revenue of $143.05 million for the quarter, compared to analysts' expectations of $135.09 million. During the same quarter last year, the company earned $0.59 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. Equities research analysts expect that XPEL, Inc. will post 2.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XPEL shares. Freedom Capital upgraded shares of XPEL from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. B. Riley Financial lifted their price objective on shares of XPEL from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut shares of XPEL from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, XPEL presently has an average rating of "Moderate Buy" and an average target price of $65.00.

About XPEL

XPEL, Inc develops, manufactures and distributes protective films and coatings for automotive, marine, residential, commercial and industrial applications. The company is best known for paint protection film, which is designed to help protect vehicle surfaces from rock chips, scratches and other environmental damage.

Its product portfolio also includes automotive and architectural window films, surface-protection products, ceramic coatings and installation-related solutions. XPEL sells its products through a network of authorized dealers and installers, while its software and digital tools support product visualization, pattern selection and installation workflows.

Founded in 1997, XPEL is headquartered in San Antonio, Texas, and serves customers in the United States and international markets through its distribution and installer network.

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