Bridges Investment Management Inc. Boosts Stock Position in XPEL, Inc. $XPEL

Key Points

• Bridges Investment Management Inc. increased its stake in XPEL, Inc. by 15.4%, acquiring a total of 60,964 shares valued at approximately $2.19 million by the end of the second quarter.
• Several institutional investors, including Brooklyn Investment Group and GAMMA Investing LLC, have also significantly enhanced their positions in XPEL, contributing to a total institutional ownership of 75.08% in the company.
• Analysts have mixed ratings on XPEL, with Zacks Research upgrading it to "hold" and Wall Street Zen moving it from "hold" to "buy", reflecting confidence in the company's potential growth.

Bridges Investment Management Inc. lifted its holdings in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 15.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,964 shares of the company's stock after purchasing an additional 8,141 shares during the quarter. Bridges Investment Management Inc. owned 0.22% of XPEL worth $2,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XPEL. Eukles Asset Management purchased a new position in shares of XPEL in the first quarter valued at $35,000. Brooklyn Investment Group grew its holdings in shares of XPEL by 805.7% in the first quarter. Brooklyn Investment Group now owns 1,739 shares of the company's stock valued at $51,000 after purchasing an additional 1,547 shares in the last quarter. GAMMA Investing LLC boosted its stake in XPEL by 308.2% during the first quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock worth $98,000 after buying an additional 2,521 shares during the period. Victory Capital Management Inc. boosted its stake in XPEL by 12.1% during the first quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock worth $159,000 after buying an additional 583 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its stake in XPEL by 51.4% during the second quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the company's stock worth $201,000 after buying an additional 1,900 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on XPEL. Zacks Research raised shares of XPEL from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of XPEL in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of XPEL from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

XPEL Trading Down 0.7%

Shares of XPEL opened at $34.67 on Friday. The firm has a market capitalization of $959.32 million, a P/E ratio of 19.70 and a beta of 1.68. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $47.23. The firm has a fifty day moving average price of $35.28 and a 200-day moving average price of $34.15.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.07. The firm had revenue of $124.71 million during the quarter, compared to analyst estimates of $118.37 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The business's revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. Analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current year.

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.

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