Mawer Investment Management Ltd. Purchases 45,677 Shares of XPEL, Inc. (NASDAQ:XPEL)

Key Points

• Mawer Investment Management Ltd. increased its stake in XPEL, Inc. by 11.5% in the first quarter, acquiring an additional 45,677 shares, bringing its total ownership to 443,210 shares valued at approximately $13 million.
• XPEL reported a quarterly EPS of $0.31, exceeding analysts' expectations of $0.25, with revenues of $103.81 million, marking a 15.2% increase year-over-year.
• The Board of Directors at XPEL has initiated a $50 million share buyback program, indicating a belief that the stock is undervalued, allowing the repurchase of up to 5.4% of its outstanding shares.

Mawer Investment Management Ltd. boosted its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 443,210 shares of the company's stock after acquiring an additional 45,677 shares during the quarter. Mawer Investment Management Ltd. owned 1.60% of XPEL worth $13,022,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Eukles Asset Management acquired a new stake in XPEL in the 1st quarter valued at $35,000. Quantbot Technologies LP boosted its holdings in shares of XPEL by 46.0% during the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after buying an additional 682 shares during the period. GAMMA Investing LLC boosted its holdings in shares of XPEL by 308.2% during the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock worth $98,000 after buying an additional 2,521 shares during the period. Victory Capital Management Inc. boosted 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 buying an additional 583 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of XPEL by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock worth $189,000 after purchasing an additional 3,153 shares in the last quarter. 75.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of XPEL from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.

XPEL Trading Down 3.6%

NASDAQ:XPEL traded down $1.18 on Friday, hitting $31.52. The company had a trading volume of 213,015 shares, compared to its average volume of 205,172. The stock has a market capitalization of $871.86 million, a price-to-earnings ratio of 18.44 and a beta of 1.83. The firm has a 50 day moving average of $36.14 and a two-hundred day moving average of $35.04. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58.

XPEL (NASDAQ:XPEL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06. The firm had revenue of $103.81 million during the quarter, compared to the consensus estimate of $97.40 million. XPEL had a net margin of 10.92% and a return on equity of 21.89%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. As a group, equities analysts forecast that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.