XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 75.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,779 shares of the company's stock after selling 33,335 shares during the quarter. Jane Street Group LLC's holdings in XPEL were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XPEL. Schwartz Investment Counsel Inc. raised its position in XPEL by 4.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company's stock valued at $21,448,000 after purchasing an additional 25,000 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of XPEL by 13.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock valued at $15,877,000 after buying an additional 48,586 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of XPEL by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 317,971 shares of the company's stock valued at $12,700,000 after buying an additional 3,701 shares during the period. Northern Trust Corp raised its holdings in shares of XPEL by 9.6% in the 4th quarter. Northern Trust Corp now owns 255,921 shares of the company's stock valued at $10,221,000 after buying an additional 22,388 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in XPEL by 5.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 242,584 shares of the company's stock worth $9,689,000 after acquiring an additional 11,463 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Trading Down 2.3%

XPEL traded down $0.87 during trading hours on Wednesday, hitting $36.23. 166,378 shares of the company's stock were exchanged, compared to its average volume of 200,663. The firm has a market cap of $1.00 billion, a P/E ratio of 20.70 and a beta of 1.85. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $48.58. The firm has a 50 day moving average of $31.33 and a 200 day moving average of $36.78.

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, topping the consensus estimate of $0.25 by $0.06. The business had revenue of $103.81 million during the quarter, compared to the consensus estimate of $97.40 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded XPEL from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

XPEL Company 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.