XPEL, Inc. (NASDAQ:XPEL) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 111.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,823 shares of the company's stock after buying an additional 27,826 shares during the quarter. Bridges Investment Management Inc. owned about 0.19% of XPEL worth $1,552,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in XPEL by 6.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 47,399 shares of the company's stock worth $1,393,000 after acquiring an additional 2,872 shares during the period. Eukles Asset Management purchased a new stake in shares of XPEL in the first quarter valued at $35,000. Principal Financial Group Inc. increased its stake in XPEL by 2.3% in the first quarter. Principal Financial Group Inc. now owns 117,535 shares of the company's stock valued at $3,453,000 after purchasing an additional 2,659 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in XPEL by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company's stock worth $407,000 after buying an additional 4,904 shares during the period. Finally, Schwartz Investment Counsel Inc. boosted its stake in XPEL by 44.2% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company's stock worth $22,750,000 after buying an additional 237,339 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Trading Down 6.1%

XPEL traded down $2.29 during trading on Friday, hitting $35.46. 166,904 shares of the company's stock were exchanged, compared to its average volume of 196,295. XPEL, Inc. has a 1 year low of $24.25 and a 1 year high of $48.58. The stock has a 50 day moving average price of $36.65 and a 200 day moving average price of $35.51. The firm has a market cap of $981.18 million, a P/E ratio of 20.74 and a beta of 1.83.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.25 by $0.06. XPEL had a return on equity of 21.89% and a net margin of 10.92%. The business had revenue of $103.81 million for the quarter, compared to the consensus estimate of $97.40 million. During the same period last year, the business posted $0.24 EPS. The company's revenue was up 15.2% on a year-over-year basis. Analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL announced that its board has initiated a stock buyback program on Tuesday, May 6th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of XPEL from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.

XPEL 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.