Vancity Investment Management Ltd Acquires Shares of 12,862 XPEL, Inc. $XPEL

Key Points

• Vancity Investment Management Ltd has invested $378,000 in XPEL, Inc., acquiring 12,862 shares, indicating growing institutional interest in the company.
• XPEL reported a 13.5% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $0.59, surpassing analyst expectations.
• Recent analyst ratings have been mixed, with Wall Street Zen upgrading XPEL's rating from "hold" to "buy," while Zacks Research has downgraded it to a "strong sell."

Vancity Investment Management Ltd acquired a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,862 shares of the company's stock, valued at approximately $378,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eukles Asset Management purchased a new position in XPEL in the 1st quarter valued at approximately $35,000. Brooklyn Investment Group boosted its position in XPEL by 805.7% in the 1st quarter. Brooklyn Investment Group now owns 1,739 shares of the company's stock valued at $51,000 after buying an additional 1,547 shares during the period. GAMMA Investing LLC boosted its position in XPEL by 308.2% in the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock valued at $98,000 after buying an additional 2,521 shares during the period. Squarepoint Ops LLC purchased a new position in XPEL in the 4th quarter valued at approximately $210,000. Finally, Victory Capital Management Inc. boosted its position in XPEL by 12.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock valued at $159,000 after buying an additional 583 shares during the period. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Trading Down 3.4%

NASDAQ:XPEL traded down $1.22 during midday trading on Friday, hitting $34.68. 245,015 shares of the company were exchanged, compared to its average volume of 141,156. The company has a fifty day simple moving average of $35.92 and a 200 day simple moving average of $33.82. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $47.23. The company has a market capitalization of $959.70 million, a PE ratio of 19.70 and a beta of 1.67.

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

Analysts Set New Price Targets

Several brokerages have commented on XPEL. 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 raised shares of XPEL to a "strong sell" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

XPEL 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.