Nuveen LLC Makes New Investment in XPEL, Inc. $XPEL

Key Points

• Nuveen LLC acquired a new stake in XPEL, Inc. valued at approximately $2.71 million, owning 0.33% of the company after purchasing 92,382 shares.
• Multiple institutional investors significantly increased their holdings in XPEL, with notable increases including Schwartz Investment Counsel's 44.2% boost and GAMMA Investing's whopping 11,892.7% increase in shares.
• XPEL's recent earnings report showed a 13.5% revenue increase year-over-year, surpassing analysts' estimates, and the company announced a $50 million share buyback program, indicating confidence in its stock valuation.

Nuveen LLC acquired a new stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 92,382 shares of the company's stock, valued at approximately $2,714,000. Nuveen LLC owned approximately 0.33% of XPEL at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Eukles Asset Management purchased a new position in shares of XPEL during the 1st quarter valued at about $35,000. GAMMA Investing LLC lifted its position in XPEL by 308.2% in the first quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock valued at $98,000 after purchasing an additional 2,521 shares during the last quarter. Victory Capital Management Inc. lifted its position in XPEL by 12.1% in the first quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock valued at $159,000 after purchasing an additional 583 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in XPEL by 199.4% in the fourth 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 during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in XPEL in the fourth quarter valued at approximately $210,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Stock Performance

XPEL stock traded down $1.12 on Wednesday, reaching $35.16. The company's stock had a trading volume of 122,409 shares, compared to its average volume of 197,114. The business has a fifty day simple moving average of $36.11 and a two-hundred day simple moving average of $34.09. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $47.23. The firm has a market cap of $972.88 million, a PE ratio of 19.98 and a beta of 1.67.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. XPEL had a return on equity of 21.17% and a net margin of 10.84%.The company had revenue of $124.71 million during the quarter, compared to analyst estimates of $118.37 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm's revenue was up 13.5% on a year-over-year basis. As a group, 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 approved a share repurchase program on Tuesday, May 6th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on XPEL shares. Zacks Research upgraded XPEL to a "strong sell" rating in a research report on Friday, August 8th. Wall Street Zen downgraded XPEL from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

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.