Northern Trust Corp Boosts Holdings in XPEL, Inc. (NASDAQ:XPEL)

Northern Trust Corp lifted its holdings in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,921 shares of the company's stock after purchasing an additional 22,388 shares during the period. Northern Trust Corp owned about 0.93% of XPEL worth $10,221,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of XPEL. Mirabella Financial Services LLP acquired a new stake in XPEL during the 4th quarter valued at $8,855,000. LHM Inc. purchased a new stake in shares of XPEL in the fourth quarter valued at $4,887,000. Rockefeller Capital Management L.P. lifted its position in shares of XPEL by 47.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company's stock valued at $7,714,000 after acquiring an additional 61,930 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of XPEL by 13.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock valued at $15,877,000 after acquiring an additional 48,586 shares during the last quarter. Finally, Barclays PLC increased its position in XPEL by 79.5% during the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock worth $3,411,000 after purchasing an additional 34,830 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Stock Performance

XPEL stock traded down $1.60 during trading on Wednesday, hitting $35.84. The stock had a trading volume of 229,777 shares, compared to its average volume of 205,459. The stock has a market cap of $991.51 million, a price-to-earnings ratio of 20.48 and a beta of 1.83. The company's 50 day moving average price is $30.55 and its two-hundred day moving average price is $37.31. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $48.58.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.06. The business had revenue of $103.81 million during the quarter, compared to the consensus estimate of $97.40 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. As a group, sell-side analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

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

XPEL Company 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.