Bank of America Corp DE Has $4.46 Million Position in XPEL, Inc. $XPEL

Key Points

• Bank of America increased its XPEL stake by 53.9% in the first quarter, bringing its holdings to 100,883 shares worth approximately $4.46 million. Institutional investors collectively own 75.08% of XPEL.
• XPEL reported stronger-than-expected quarterly results, with EPS of $0.68 versus estimates of $0.60 and revenue of $143.05 million versus $135.09 million expected. Revenue increased 14.7% year over year.
• Analyst sentiment is generally positive, with an average “Moderate Buy” rating and a consensus price target of $65.00; B. Riley raised its target from $55 to $65.

Bank of America Corp DE raised its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 53.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,883 shares of the company's stock after acquiring an additional 35,338 shares during the quarter. Bank of America Corp DE owned about 0.37% of XPEL worth $4,465,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of XPEL by 1.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,088 shares of the company's stock worth $603,000 after acquiring an additional 198 shares during the period. Illinois Municipal Retirement Fund boosted its stake in XPEL by 1.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,610 shares of the company's stock worth $629,000 after buying an additional 236 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of XPEL by 13.8% in the 4th quarter. Osaic Holdings Inc. now owns 2,790 shares of the company's stock worth $139,000 after acquiring an additional 339 shares during the last quarter. Hantz Financial Services Inc. boosted its stake 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 purchasing an additional 358 shares in the last quarter. Finally, Langdon Equity Partners bought a new position in shares of XPEL during the 4th quarter valued at $27,000. 75.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

XPEL Stock Performance

NASDAQ XPEL opened at $49.76 on Friday. 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 market cap of $1.37 billion, a price-to-earnings ratio of 25.26 and a beta of 1.09. The business has a 50-day moving average price of $47.18 and a 200-day moving average price of $45.67. XPEL, Inc. has a twelve month low of $31.50 and a twelve month high of $55.91.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $143.05 million for the quarter, compared to the consensus estimate of $135.09 million. XPEL had a return on equity of 18.98% and a net margin of 10.77%.The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. As a group, equities research analysts predict that XPEL, Inc. will post 2.12 EPS for the current fiscal year.

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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