Nuveen Asset Management LLC Purchases 25,909 Shares of XPEL, Inc. (NASDAQ:XPEL)

Nuveen Asset Management LLC boosted its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,728 shares of the company's stock after buying an additional 25,909 shares during the period. Nuveen Asset Management LLC owned approximately 0.34% of XPEL worth $3,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in XPEL during the fourth quarter valued at approximately $1,113,000. Deutsche Bank AG lifted its stake in shares of XPEL by 47.9% in the 4th quarter. Deutsche Bank AG now owns 23,017 shares of the company's stock valued at $919,000 after purchasing an additional 7,459 shares during the last quarter. LHM Inc. bought a new stake in shares of XPEL in the 4th quarter valued at approximately $4,887,000. Barclays PLC lifted its stake in shares of XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock valued at $3,411,000 after purchasing an additional 34,830 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of XPEL in the 4th quarter valued at approximately $514,000. 75.08% of the stock is owned by institutional investors.

XPEL Price Performance

Shares of NASDAQ:XPEL traded up $0.38 during trading on Thursday, hitting $36.61. The company had a trading volume of 119,965 shares, compared to its average volume of 200,345. XPEL, Inc. has a one year low of $24.25 and a one year high of $48.58. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 20.92 and a beta of 1.85. The company has a fifty day simple moving average of $31.33 and a two-hundred day simple moving average of $36.78.

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

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered XPEL from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

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.