UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 8,484 Shares of XPEL, Inc. (NASDAQ:XPEL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,115 shares of the company's stock after buying an additional 8,484 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of XPEL worth $2,201,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in XPEL. Barclays PLC lifted its stake in shares of XPEL by 79.5% in the third quarter. Barclays PLC now owns 78,646 shares of the company's stock valued at $3,411,000 after buying an additional 34,830 shares during the period. Schwartz Investment Counsel Inc. raised its position in XPEL by 4.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company's stock worth $21,448,000 after purchasing an additional 25,000 shares in the last quarter. Principal Financial Group Inc. raised its position in XPEL by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 114,876 shares of the company's stock worth $4,588,000 after purchasing an additional 3,700 shares in the last quarter. Bridges Investment Management Inc. raised its position in XPEL by 260.1% in the fourth quarter. Bridges Investment Management Inc. now owns 24,997 shares of the company's stock worth $998,000 after purchasing an additional 18,056 shares in the last quarter. Finally, LHM Inc. acquired a new position in XPEL in the fourth quarter worth about $4,887,000. Institutional investors own 75.08% of the company's stock.

XPEL Trading Up 1.7%

NASDAQ:XPEL traded up $0.61 during mid-day trading on Monday, hitting $37.56. The company's stock had a trading volume of 105,537 shares, compared to its average volume of 199,623. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $48.58. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.46 and a beta of 1.85. The stock has a fifty day moving average of $31.77 and a 200-day moving average of $36.53.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. The company had revenue of $103.81 million during the quarter, compared to analyst estimates of $97.40 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. On average, equities analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL announced that its board has approved a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.