XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 63.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,493 shares of the company's stock after selling 44,970 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of XPEL worth $1,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of XPEL. LHM Inc. acquired a new position in shares of XPEL in the fourth quarter valued at approximately $4,887,000. Barclays PLC boosted its position in XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock valued at $3,411,000 after buying an additional 34,830 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of XPEL in the fourth quarter worth $514,000. Bridges Investment Management Inc. grew its stake in shares of XPEL by 260.1% in the fourth quarter. Bridges Investment Management Inc. now owns 24,997 shares of the company's stock worth $998,000 after acquiring an additional 18,056 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of XPEL by 47.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company's stock worth $7,714,000 after acquiring an additional 61,930 shares during the period. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Price Performance

Shares of XPEL stock traded up $0.19 on Tuesday, reaching $37.75. 92,202 shares of the company were exchanged, compared to its average volume of 199,311. The stock's 50 day moving average price is $31.97 and its 200-day moving average price is $36.54. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $48.58. The company has a market cap of $1.04 billion, a P/E ratio of 21.57 and a beta of 1.85.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.06. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company had revenue of $103.81 million during the quarter, compared to the consensus estimate of $97.40 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm's quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL declared that its board has approved a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered XPEL from a "buy" rating to a "hold" rating in a report 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.