LHM Inc. Acquires 43,158 Shares of XPEL, Inc. (NASDAQ:XPEL)

Key Points

• LHM Inc. increased its stake in XPEL, Inc. by 35.3% during the first quarter, now holding 165,511 shares valued at approximately $4.86 million.
• XPEL reported $0.59 earnings per share for the last quarter, exceeding analyst estimates of $0.52, with a revenue of $124.71 million.
• The company has initiated a $50 million share buyback program, indicating the board's belief that its stock is undervalued.

LHM Inc. raised its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 35.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,511 shares of the company's stock after purchasing an additional 43,158 shares during the period. XPEL accounts for approximately 1.6% of LHM Inc.'s portfolio, making the stock its 15th largest holding. LHM Inc. owned 0.60% of XPEL worth $4,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in XPEL by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company's stock valued at $407,000 after purchasing an additional 4,904 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of XPEL by 47.9% during the 4th quarter. Deutsche Bank AG now owns 23,017 shares of the company's stock worth $919,000 after acquiring an additional 7,459 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in XPEL by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,115 shares of the company's stock worth $2,201,000 after acquiring an additional 8,484 shares in the last quarter. Bridges Investment Management Inc. increased its stake in XPEL by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 52,823 shares of the company's stock valued at $1,552,000 after acquiring an additional 27,826 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in XPEL in the fourth quarter valued at $514,000. 75.08% of the stock is currently owned by institutional investors.

XPEL Stock Down 1.0%

Shares of NASDAQ:XPEL traded down $0.39 during trading on Friday, hitting $37.34. The stock had a trading volume of 113,039 shares, compared to its average volume of 210,611. The company has a market capitalization of $1.03 billion, a PE ratio of 21.22 and a beta of 1.83. The firm's fifty day moving average is $35.93 and its 200 day moving average is $34.53. 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. The business had revenue of $124.71 million during 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 firm's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its board has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XPEL shares. Wall Street Zen cut XPEL from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research raised XPEL to a "strong sell" rating in a research note on Friday, August 8th.

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.