Nuveen Asset Management LLC Boosts Stake in XPEL, Inc. (NASDAQ:XPEL)

Nuveen Asset Management LLC boosted its holdings in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 38.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,728 shares of the company's stock after purchasing an additional 25,909 shares during the quarter. Nuveen Asset Management LLC owned 0.34% of XPEL worth $3,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in XPEL during the 4th quarter worth about $1,113,000. LHM Inc. purchased a new stake in XPEL in the 4th quarter worth about $4,887,000. Deutsche Bank AG boosted its holdings in shares of XPEL by 47.9% in the fourth 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 period. Barclays PLC increased its holdings 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 acquiring an additional 34,830 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of XPEL in the 4th quarter valued at about $514,000. 75.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

XPEL Stock Performance

Shares of XPEL stock traded up $1.38 on Tuesday, reaching $37.10. The stock had a trading volume of 174,648 shares, compared to its average volume of 201,616. The company has a 50 day simple moving average of $31.11 and a 200 day simple moving average of $36.78. The stock has a market cap of $1.03 billion, a P/E ratio of 21.20 and a beta of 1.83. 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 data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.06. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The business had revenue of $103.81 million during the quarter, compared to analysts' expectations of $97.40 million. During the same period last year, the company posted $0.24 EPS. The business's revenue was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

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