Schwartz Investment Counsel Inc. Has $22.75 Million Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Schwartz Investment Counsel Inc. raised its stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 774,339 shares of the company's stock after purchasing an additional 237,339 shares during the period. Schwartz Investment Counsel Inc. owned 2.80% of XPEL worth $22,750,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in XPEL by 47.9% in the 4th quarter. Deutsche Bank AG now owns 23,017 shares of the company's stock valued at $919,000 after purchasing an additional 7,459 shares during the period. LHM Inc. acquired a new position in shares of XPEL during the fourth quarter valued at about $4,887,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of XPEL by 18.2% in the fourth 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 buying an additional 8,484 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of XPEL in the fourth quarter valued at about $514,000. Finally, GAMMA Investing LLC grew its position in XPEL by 11,892.7% during the first quarter. GAMMA Investing LLC now owns 98,100 shares of the company's stock worth $2,882,000 after buying an additional 97,282 shares in the last quarter. Institutional investors own 75.08% of the company's stock.

XPEL Stock Up 4.0%

XPEL traded up $1.45 during trading on Tuesday, reaching $37.35. 145,335 shares of the company's stock were exchanged, compared to its average volume of 198,151. The company has a market capitalization of $1.03 billion, a P/E ratio of 21.84 and a beta of 1.85. The business has a 50 day moving average price of $34.80 and a 200 day moving average price of $35.66. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $48.58.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. XPEL had a net margin of 10.92% and a return on equity of 21.89%. The business had revenue of $103.81 million for the quarter, compared to analyst estimates of $97.40 million. During the same period in the previous year, the business earned $0.24 EPS. The firm's revenue was up 15.2% on a year-over-year basis. As a group, research analysts forecast that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its board has approved a stock buyback program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded XPEL from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.

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.