Bridges Investment Management Inc. Grows Stock Holdings in XPEL, Inc. (NASDAQ:XPEL)

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

A number of other large investors have also bought and sold shares of XPEL. Envestnet Asset Management Inc. grew its holdings in shares of XPEL by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 47,399 shares of the company's stock worth $1,393,000 after purchasing an additional 2,872 shares during the last quarter. Eukles Asset Management bought a new position in shares of XPEL in the first quarter worth approximately $35,000. Principal Financial Group Inc. grew its holdings in shares of XPEL by 2.3% in the first quarter. Principal Financial Group Inc. now owns 117,535 shares of the company's stock worth $3,453,000 after purchasing an additional 2,659 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of XPEL by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company's stock worth $407,000 after purchasing an additional 4,904 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. grew its holdings in shares of XPEL by 44.2% in the first quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company's stock worth $22,750,000 after purchasing an additional 237,339 shares during the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Trading Down 0.6%

NASDAQ XPEL traded down $0.23 during trading on Thursday, hitting $37.75. The company had a trading volume of 128,133 shares, compared to its average volume of 196,400. The company's fifty day moving average is $36.37 and its 200-day moving average is $35.57. XPEL, Inc. has a one year low of $24.25 and a one year high of $48.58. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 22.08 and a beta of 1.83.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share 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 analysts' expectations of $97.40 million. During the same period in the previous year, the firm posted $0.24 EPS. The business's revenue was up 15.2% on a year-over-year basis. As a group, equities analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its board has authorized a share repurchase 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 stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

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

About XPEL

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.