Intech Investment Management LLC Buys 38,832 Shares of XPEL, Inc. $XPEL

Key Points

• Intech Investment Management LLC increased its holdings in XPEL, Inc. by 102.8% in the first quarter, now owning 76,624 shares valued at approximately $2.25 million.
• XPEL reported earnings of $0.59 per share for the last quarter, exceeding analysts' expectations, alongside a year-over-year revenue growth of 13.5%.
• Brokerage ratings for XPEL have varied, with Wall Street Zen upgrading it to a "buy" while Zacks Research labeled it a "strong sell," reflecting a current average rating of "sell" among analysts.

Intech Investment Management LLC grew its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 102.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,624 shares of the company's stock after acquiring an additional 38,832 shares during the quarter. Intech Investment Management LLC owned about 0.28% of XPEL worth $2,251,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp grew its stake in XPEL by 1.6% during the 1st quarter. Fiera Capital Corp now owns 32,500 shares of the company's stock valued at $955,000 after purchasing an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in XPEL by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,375 shares of the company's stock worth $574,000 after buying an additional 511 shares during the period. Victory Capital Management Inc. grew its holdings in shares of XPEL by 12.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock worth $159,000 after purchasing an additional 583 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of XPEL by 10.7% in the first quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company's stock valued at $228,000 after purchasing an additional 748 shares in the last quarter. Finally, Eukles Asset Management acquired a new position in shares of XPEL in the 1st quarter valued at $35,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research upgraded XPEL to a "strong sell" rating in a report on Friday, August 8th. Wall Street Zen upgraded XPEL from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, XPEL currently has an average rating of "Sell".

XPEL Stock Down 1.0%

XPEL stock traded down $0.34 during mid-day trading on Friday, reaching $33.12. 941,641 shares of the company traded hands, compared to its average volume of 170,786. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $47.23. The firm's 50 day moving average price is $35.52 and its 200 day moving average price is $33.87. The stock has a market cap of $916.43 million, a price-to-earnings ratio of 18.82 and a beta of 1.67.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its earnings results 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. The firm had revenue of $124.71 million for the quarter, compared to the consensus estimate of $118.37 million. XPEL had a return on equity of 21.17% and a net margin of 10.84%.The company's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. On average, analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

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.