Isthmus Partners LLC Purchases 39,505 Shares of XPEL, Inc. $XPEL

Key Points

• Isthmus Partners more than doubled its XPEL stake in the third quarter, purchasing 39,505 additional shares to hold 75,536 shares valued at approximately $3.34 million. Institutional investors collectively own 75.08% of the company.
• XPEL reported stronger-than-expected quarterly results, with earnings per share of $0.68 versus the $0.60 consensus estimate and revenue of $143.05 million, up 14.7% year over year.
• Analyst sentiment is moderately bullish: XPEL has a consensus “Moderate Buy” rating and a $65 price target, while shares recently opened at $44.21.

Isthmus Partners LLC boosted its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 109.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,536 shares of the company's stock after purchasing an additional 39,505 shares during the period. Isthmus Partners LLC owned about 0.27% of XPEL worth $3,336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in shares of XPEL by 0.8% during the first quarter. Wasatch Advisors LP now owns 3,844,574 shares of the company's stock valued at $170,161,000 after purchasing an additional 30,074 shares during the period. BlackRock Inc. bought a new position in shares of XPEL in the second quarter valued at approximately $190,144,000. SCS Capital Management LLC purchased a new position in XPEL during the 2nd quarter worth $61,580,000. Dimensional Fund Advisors LP grew its position in XPEL by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 472,643 shares of the company's stock worth $20,911,000 after purchasing an additional 68,295 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of XPEL in the second quarter valued at approximately $15,236,000. Institutional investors own 75.08% of the company's stock.

XPEL Stock Performance

NASDAQ:XPEL opened at $44.21 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 21.82 and a beta of 1.18. The company has a current ratio of 2.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.14. XPEL, Inc. has a 12-month low of $31.88 and a 12-month high of $55.91. The stock has a 50-day moving average price of $46.88 and a 200 day moving average price of $46.09.

XPEL (NASDAQ:XPEL - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. XPEL had a return on equity of 18.98% and a net margin of 10.77%. The business had revenue of $143.05 million during the quarter, compared to analysts' expectations of $135.09 million. During the same quarter last year, the business posted $0.59 EPS. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts forecast that XPEL, Inc. will post 2.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on XPEL shares. Weiss Ratings upgraded XPEL from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Freedom Capital raised XPEL from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Finally, B. Riley Financial lifted their price objective on XPEL from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $65.00.

About XPEL

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