XPEL, Inc. (NASDAQ:XPEL) Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 44.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 774,339 shares of the company's stock after purchasing an additional 237,339 shares during the period. Schwartz Investment Counsel Inc. owned approximately 2.80% of XPEL worth $22,750,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its holdings in XPEL by 46.0% during the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after acquiring an additional 682 shares in the last quarter. GAMMA Investing LLC grew its holdings in XPEL by 308.2% during the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock worth $98,000 after acquiring an additional 2,521 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in XPEL by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock worth $189,000 after acquiring an additional 3,153 shares in the last quarter. Squarepoint Ops LLC acquired a new position in XPEL during the 4th quarter worth $210,000. Finally, KLP Kapitalforvaltning AS acquired a new position in XPEL during the 4th quarter worth $212,000. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Stock Performance

NASDAQ XPEL opened at $36.39 on Friday. XPEL, Inc. has a one year low of $24.25 and a one year high of $48.58. The company has a 50-day simple moving average of $34.60 and a 200-day simple moving average of $35.84. The firm has a market capitalization of $1.01 billion, a PE ratio of 21.28 and a beta of 1.85.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS 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 during the quarter, compared to analyst estimates of $97.40 million. During the same period in the previous year, the business posted $0.24 EPS. The company's quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of XPEL from a "hold" rating to a "buy" rating in a 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.

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