31,650 Shares in XPEL, Inc. (NASDAQ:XPEL) Purchased by QV Investors Inc.

QV Investors Inc. acquired a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,650 shares of the company's stock, valued at approximately $930,000. QV Investors Inc. owned approximately 0.11% of XPEL at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mirabella Financial Services LLP bought a new stake in shares of XPEL during the 4th quarter valued at about $8,855,000. LHM Inc. acquired a new position in XPEL in the fourth quarter valued at approximately $4,887,000. GAMMA Investing LLC grew its holdings in shares of XPEL by 11,892.7% during the first quarter. GAMMA Investing LLC now owns 98,100 shares of the company's stock valued at $2,882,000 after purchasing an additional 97,282 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of XPEL by 47.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company's stock valued at $7,714,000 after purchasing an additional 61,930 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in shares of XPEL by 13.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock worth $15,877,000 after purchasing an additional 48,586 shares during the period. Institutional investors own 75.08% of the company's stock.

XPEL Stock Performance

Shares of XPEL stock traded up $1.38 during trading on Tuesday, hitting $37.10. 174,648 shares of the stock were exchanged, compared to its average volume of 201,616. XPEL, Inc. has a 12 month low of $24.25 and a 12 month high of $48.58. The stock's fifty day moving average is $31.11 and its 200 day moving average is $36.78. The stock has a market cap of $1.03 billion, a PE ratio of 21.20 and a beta of 1.83.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $103.81 million during the quarter, compared to analyst estimates of $97.40 million. During the same period in the previous year, the business posted $0.24 EPS. XPEL's revenue was up 15.2% on a year-over-year basis. Sell-side analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its board has approved a stock repurchase plan 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 plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.