Schwartz Investment Counsel Inc. Buys 96,660 Shares of XPEL, Inc. $XPEL

Key Points

• Schwartz Investment Counsel Inc. increased its stake in XPEL, Inc. by 12.5% during the second quarter, acquiring an additional 96,660 shares, bringing their total to 870,999 shares worth approximately $31.27 million.
• Multiple institutional investors, including Bridges Investment Management and the New York State Teachers Retirement System, also increased their holdings in XPEL during the same period, suggesting growing confidence in the company.
• XPEL reported earnings of $0.59 per share for the latest quarter, surpassing estimates, along with a revenue of $124.71 million reflecting a 13.5% year-over-year increase.

Schwartz Investment Counsel Inc. boosted its stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870,999 shares of the company's stock after purchasing an additional 96,660 shares during the period. Schwartz Investment Counsel Inc. owned about 3.15% of XPEL worth $31,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. lifted its position in XPEL by 15.4% during the second quarter. Bridges Investment Management Inc. now owns 60,964 shares of the company's stock valued at $2,189,000 after purchasing an additional 8,141 shares during the period. New York State Teachers Retirement System lifted its position in XPEL by 6.4% during the second quarter. New York State Teachers Retirement System now owns 19,742 shares of the company's stock valued at $709,000 after purchasing an additional 1,190 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in XPEL during the second quarter valued at approximately $488,000. Maryland State Retirement & Pension System bought a new position in XPEL during the second quarter valued at approximately $238,000. Finally, KLP Kapitalforvaltning AS lifted its position in XPEL by 51.4% during the second quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the company's stock valued at $201,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 75.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XPEL. Weiss Ratings restated a "hold (c-)" rating on shares of XPEL in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Zacks Research upgraded shares of XPEL from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

XPEL Price Performance

Shares of XPEL stock opened at $34.65 on Tuesday. The company's fifty day simple moving average is $35.30 and its 200-day simple moving average is $34.31. The stock has a market capitalization of $958.77 million, a PE ratio of 19.69 and a beta of 1.68. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $47.23.

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

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.

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