Punch & Associates Investment Management Inc. Decreases Stock Holdings in XPEL, Inc. $XPEL

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in XPEL, Inc. by 58.2%, selling 53,500 shares and now holds 38,500 shares worth approximately $1,131,000.
• XPEL's quarterly earnings report showed an EPS of $0.59, surpassing analysts' expectations of $0.52, and revenue rose by 13.5% year-over-year to $124.71 million.
• The stock received mixed analyst ratings, with Wall Street Zen upgrading its rating to "buy" while Zacks Research issued a "strong sell" rating, leading to an average rating of "sell."

Punch & Associates Investment Management Inc. cut its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 58.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,500 shares of the company's stock after selling 53,500 shares during the period. Punch & Associates Investment Management Inc. owned about 0.14% of XPEL worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schwartz Investment Counsel Inc. lifted its position in XPEL by 44.2% in the first quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company's stock valued at $22,750,000 after acquiring an additional 237,339 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in XPEL by 11.5% in the first quarter. Mawer Investment Management Ltd. now owns 443,210 shares of the company's stock valued at $13,022,000 after acquiring an additional 45,677 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in XPEL by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 317,971 shares of the company's stock valued at $12,700,000 after acquiring an additional 3,701 shares during the last quarter. Northern Trust Corp lifted its position in XPEL by 9.6% in the fourth quarter. Northern Trust Corp now owns 255,921 shares of the company's stock valued at $10,221,000 after acquiring an additional 22,388 shares during the last quarter. Finally, LHM Inc. lifted its position in XPEL by 35.3% in the first quarter. LHM Inc. now owns 165,511 shares of the company's stock valued at $4,863,000 after acquiring an additional 43,158 shares during the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Trading Down 3.6%

Shares of XPEL stock traded down $1.31 on Friday, reaching $34.59. 129,087 shares of the stock were exchanged, compared to its average volume of 203,902. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $47.23. The business has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $33.86. The firm has a market capitalization of $957.16 million, a PE ratio of 19.58 and a beta of 1.67.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The business had revenue of $124.71 million for the quarter, compared to analyst estimates of $118.37 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business's revenue was up 13.5% compared to the same quarter last year. Research analysts expect that XPEL, Inc. will post 1.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Zacks Research upgraded shares of XPEL to a "strong sell" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".

About XPEL

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.