Wasatch Advisors LP Trims Holdings in XPEL, Inc. $XPEL

Key Points

• Wasatch Advisors reduced its XPEL stake by 5% in the second quarter, selling 194,085 shares. The firm still held 3.65 million shares valued at approximately $181.1 million, representing 13.25% of XPEL.
• Analyst sentiment remains generally positive: B. Riley raised its price target to $65, Freedom Capital upgraded the stock to “strong buy,” and MarketBeat lists a consensus rating of “Moderate Buy” with a $65 target.
• XPEL reported quarterly earnings of $0.68 per share versus the $0.60 estimate, while revenue rose 14.7% year over year to $143.05 million. The stock opened at $47.92, compared with a 52-week range of $31.50 to $55.91.

Wasatch Advisors LP trimmed its holdings in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,650,489 shares of the company's stock after selling 194,085 shares during the quarter. XPEL accounts for approximately 1.2% of Wasatch Advisors LP's investment portfolio, making the stock its 28th largest holding. Wasatch Advisors LP owned approximately 13.25% of XPEL worth $181,064,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XPEL. Langdon Equity Partners purchased a new position in XPEL in the 4th quarter worth about $27,000. Hantz Financial Services Inc. lifted its holdings in XPEL by 159.8% during the 4th quarter. Hantz Financial Services Inc. now owns 582 shares of the company's stock valued at $29,000 after buying an additional 358 shares in the last quarter. Parallel Advisors LLC boosted its position in XPEL by 424.4% in the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company's stock valued at $41,000 after buying an additional 747 shares during the period. Steward Partners Investment Advisory LLC boosted its position in XPEL by 462.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 985 shares of the company's stock valued at $49,000 after buying an additional 810 shares during the period. Finally, Lazard Asset Management LLC bought a new position in XPEL in the 2nd quarter worth about $55,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on XPEL shares. B. Riley Financial raised their target price on shares of XPEL from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Freedom Capital raised XPEL from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of XPEL in a report on Wednesday, June 24th. Finally, Zacks Research raised XPEL from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. One 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. According to MarketBeat, XPEL presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

XPEL Trading Up 0.6%

NASDAQ XPEL opened at $47.92 on Wednesday. XPEL, Inc. has a one year low of $31.50 and a one year high of $55.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.14 and a current ratio of 2.61. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 24.32 and a beta of 1.09. The company's 50-day simple moving average is $45.89 and its two-hundred day simple moving average is $45.85.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $143.05 million during the quarter, compared to analysts' expectations of $135.09 million. XPEL had a net margin of 10.77% and a return on equity of 18.98%. The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Equities analysts forecast that XPEL, Inc. will post 2.12 EPS for the current fiscal year.

XPEL Company Profile

XPEL, Inc is a leading manufacturer and distributor of advanced protective films and coatings for automotive, marine, aviation, and architectural applications. The company's core products include paint protection film (PPF), window tinting film, and ceramic coatings designed to shield surfaces from scratches, environmental contaminants, and UV damage. XPEL's flagship PPF, known for its self-healing properties, is engineered to maintain a vehicle's factory finish by resisting swirl marks, stone chips, and acid rain.

Beyond automotive protection, XPEL has expanded its offerings to include protective films for electronics and architectural surfaces, providing solutions that enhance durability and prolong the life of high-value assets.

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