Envestnet Portfolio Solutions Inc. Makes New $488,000 Investment in XPEL, Inc. $XPEL

Key Points

• Envestnet Portfolio Solutions Inc. invested approximately $488,000 in XPEL, Inc., acquiring 13,599 shares during the second quarter.
• XPEL reported a net margin of 10.84% and revenues of $124.71 million for the quarter, surpassing analysts' expectations of $118.37 million.
• Recent research evaluations show a shift in ratings for XPEL, with some analysts upgrading shares from "strong sell" to "hold" or "buy."

Envestnet Portfolio Solutions Inc. purchased a new position in XPEL, Inc. (NASDAQ:XPEL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,599 shares of the company's stock, valued at approximately $488,000.

Several other hedge funds have also bought and sold shares of XPEL. SCS Capital Management LLC purchased a new stake in XPEL in the 1st quarter worth $51,460,000. Schwartz Investment Counsel Inc. lifted 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 purchasing an additional 237,339 shares in the last quarter. Nuveen LLC purchased a new stake in XPEL in the 1st quarter worth $2,714,000. Sprucegrove Investment Management Ltd. purchased a new stake in XPEL in the 1st quarter worth $1,528,000. Finally, Mawer Investment Management Ltd. lifted its stake in XPEL by 11.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 443,210 shares of the company's stock worth $13,022,000 after purchasing an additional 45,677 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Trading Up 3.3%

Shares of NASDAQ XPEL opened at $35.78 on Wednesday. The firm's 50-day moving average price is $35.26 and its 200-day moving average price is $34.32. The stock has a market capitalization of $990.03 million, a price-to-earnings ratio of 20.33 and a beta of 1.68. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $47.23.

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

Wall Street Analysts Forecast Growth

XPEL has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of XPEL in a research note on Wednesday, October 8th. Zacks Research upgraded shares of XPEL from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

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.

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