Vancity Investment Management Ltd Makes New Investment in 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 bought a new stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,862 shares of the company's stock, valued at approximately $378,000.

Several other institutional investors also recently added to or reduced their stakes in XPEL. Allspring Global Investments Holdings LLC boosted its position in XPEL by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company's stock valued at $407,000 after buying an additional 4,904 shares during the period. Deutsche Bank AG increased its holdings in XPEL by 47.9% during the 4th quarter. Deutsche Bank AG now owns 23,017 shares of the company's stock worth $919,000 after purchasing an additional 7,459 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in XPEL by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,115 shares of the company's stock valued at $2,201,000 after purchasing an additional 8,484 shares in the last quarter. Bridges Investment Management Inc. lifted its stake in XPEL by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 52,823 shares of the company's stock worth $1,552,000 after acquiring an additional 27,826 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in XPEL during the fourth quarter valued at approximately $514,000. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Trading Up 0.4%

Shares of XPEL stock traded up $0.14 during trading hours on Thursday, hitting $35.90. The company's stock had a trading volume of 183,968 shares, compared to its average volume of 138,831. The stock has a market cap of $993.35 million, a PE ratio of 19.98 and a beta of 1.67. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $47.23. The company has a 50 day moving average of $36.09 and a 200 day moving average of $33.90.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $118.37 million. During the same period in the previous year, the firm earned $0.54 EPS. The business's quarterly revenue was up 13.5% on a year-over-year basis. As a group, analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Zacks Research upgraded XPEL to a "strong sell" rating in a report on Friday, August 8th. Wall Street Zen raised XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XPEL presently has an average 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.