Squarepoint Ops LLC Has $2.88 Million Stock Position in XPEL, Inc. $XPEL

Key Points

• Squarepoint Ops LLC significantly increased its XPEL position by 206.8% in the second quarter, ending with 57,976 shares valued at approximately $2.88 million. Institutional investors collectively own 75.08% of the company.
• Analyst sentiment is positive overall, with XPEL holding a “Moderate Buy” consensus rating and a $65 average price target. B. Riley raised its target to $65, while Freedom Capital upgraded the stock to “strong buy.”
• XPEL reported strong quarterly results, posting earnings of $0.68 per share versus the $0.60 estimate and revenue of $143.05 million, up 14.7% year over year. Shares opened at $47.20, with a market capitalization of about $1.30 billion.

Squarepoint Ops LLC grew its holdings in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 206.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,976 shares of the company's stock after buying an additional 39,080 shares during the quarter. Squarepoint Ops LLC owned 0.21% of XPEL worth $2,876,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of XPEL. Envestnet Portfolio Solutions Inc. lifted its position in shares of XPEL by 1.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,088 shares of the company's stock valued at $603,000 after purchasing an additional 198 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of XPEL by 1.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 12,610 shares of the company's stock worth $629,000 after buying an additional 236 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of XPEL by 13.8% during the 4th quarter. Osaic Holdings Inc. now owns 2,790 shares of the company's stock worth $139,000 after buying an additional 339 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in XPEL by 159.8% during the fourth quarter. Hantz Financial Services Inc. now owns 582 shares of the company's stock worth $29,000 after acquiring an additional 358 shares during the period. Finally, Langdon Equity Partners purchased a new position in XPEL in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 75.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings lowered XPEL from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. B. Riley Financial increased their price target on shares of XPEL from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of XPEL from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, XPEL presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

XPEL Price Performance

Shares of NASDAQ XPEL opened at $47.20 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.61 and a quick ratio of 1.14. The stock has a market capitalization of $1.30 billion, a PE ratio of 23.96 and a beta of 1.13. XPEL, Inc. has a one year low of $31.50 and a one year high of $55.91. The business's fifty day moving average price is $47.49 and its 200-day moving average price is $45.43.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $143.05 million during the quarter, compared to analyst estimates of $135.09 million. XPEL had a return on equity of 18.98% and a net margin of 10.77%.The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, equities research analysts anticipate that XPEL, Inc. will post 2.12 EPS for the current year.

XPEL Company Profile

XPEL, Inc develops, manufactures and distributes protective films and coatings for automotive, marine, residential, commercial and industrial applications. The company is best known for paint protection film, which is designed to help protect vehicle surfaces from rock chips, scratches and other environmental damage.

Its product portfolio also includes automotive and architectural window films, surface-protection products, ceramic coatings and installation-related solutions. XPEL sells its products through a network of authorized dealers and installers, while its software and digital tools support product visualization, pattern selection and installation workflows.

Founded in 1997, XPEL is headquartered in San Antonio, Texas, and serves customers in the United States and international markets through its distribution and installer network.

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