Deutsche Bank AG Increases Position in XPEL, Inc. (NASDAQ:XPEL)

Deutsche Bank AG raised its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,017 shares of the company's stock after acquiring an additional 7,459 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of XPEL worth $919,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cresset Asset Management LLC boosted its position in shares of XPEL by 0.5% in the 4th quarter. Cresset Asset Management LLC now owns 108,666 shares of the company's stock worth $4,340,000 after purchasing an additional 489 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of XPEL during the 4th quarter valued at $514,000. Algert Global LLC lifted its holdings in shares of XPEL by 27.3% during the 4th quarter. Algert Global LLC now owns 72,199 shares of the company's stock valued at $2,884,000 after buying an additional 15,490 shares during the period. Northern Trust Corp lifted its holdings in shares of XPEL by 9.6% during the 4th quarter. Northern Trust Corp now owns 255,921 shares of the company's stock valued at $10,221,000 after buying an additional 22,388 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of XPEL by 7.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,876 shares of the company's stock valued at $914,000 after buying an additional 1,555 shares during the period. 75.08% of the stock is owned by institutional investors.

XPEL Stock Down 1.0%

XPEL stock traded down $0.35 during trading on Friday, reaching $36.17. The company's stock had a trading volume of 222,268 shares, compared to its average volume of 201,946. XPEL, Inc. has a 1 year low of $24.25 and a 1 year high of $48.58. The company has a market capitalization of $1.00 billion, a P/E ratio of 20.67 and a beta of 1.83. The company's fifty day moving average is $31.06 and its 200-day moving average is $36.90.

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

XPEL announced that its board has approved a stock buyback program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Separately, Wall Street Zen lowered XPEL from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

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.