XPEL, Inc. (NASDAQ:XPEL) Stock Holdings Lifted by Northern Trust Corp

Northern Trust Corp boosted its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.93% of XPEL worth $10,221,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its holdings in XPEL by 46.0% during the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock valued at $86,000 after purchasing an additional 682 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in XPEL by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock valued at $189,000 after purchasing an additional 3,153 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in XPEL during the 4th quarter valued at $212,000. XTX Topco Ltd grew its holdings in XPEL by 22.6% during the 4th quarter. XTX Topco Ltd now owns 8,324 shares of the company's stock valued at $332,000 after purchasing an additional 1,535 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in XPEL by 78.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,758 shares of the company's stock worth $390,000 after acquiring an additional 4,296 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Trading Down 3.1%

XPEL stock traded down $1.12 during mid-day trading on Friday, hitting $34.49. 161,607 shares of the company were exchanged, compared to its average volume of 205,801. The company has a market capitalization of $954.17 million, a PE ratio of 19.71 and a beta of 1.83. XPEL, Inc. has a twelve month low of $24.25 and a twelve month high of $48.58. The firm has a fifty day simple moving average of $30.74 and a 200 day simple moving average of $37.24.

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

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of XPEL from a "buy" rating to a "hold" rating in a report on Thursday.

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.