XPEL, Inc. $XPEL Shares Acquired by Schwartz Investment Counsel Inc.

Key Points

• Schwartz Investment Counsel increased its XPEL stake by 10% in the third quarter, acquiring 82,330 additional shares and bringing its holdings to 905,154 shares valued at approximately $40.0 million.
• Institutional investors own about 75.1% of XPEL, with several other firms also increasing their positions during the quarter.
• XPEL recently exceeded earnings and revenue expectations, reporting $0.68 in EPS and $143.05 million in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $65.00.

Schwartz Investment Counsel Inc. raised its holdings in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 905,154 shares of the company's stock after buying an additional 82,330 shares during the period. XPEL comprises approximately 1.4% of Schwartz Investment Counsel Inc.'s portfolio, making the stock its 23rd largest position. Schwartz Investment Counsel Inc. owned about 3.28% of XPEL worth $39,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lakewood Asset Management LLC lifted its holdings in XPEL by 5.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 9,645 shares of the company's stock worth $426,000 after buying an additional 472 shares during the period. Sterling Capital Management LLC increased its stake in shares of XPEL by 847.8% during the third quarter. Sterling Capital Management LLC now owns 853 shares of the company's stock valued at $38,000 after purchasing an additional 763 shares in the last quarter. Inspire Investing LLC bought a new position in XPEL during the 3rd quarter valued at approximately $634,000. Isthmus Partners LLC raised its position in shares of XPEL by 109.6% in the 3rd quarter. Isthmus Partners LLC now owns 75,536 shares of the company's stock worth $3,336,000 after purchasing an additional 39,505 shares during the last quarter. Finally, QV Investors Inc. raised its holdings in XPEL by 13.9% in the third quarter. QV Investors Inc. now owns 58,850 shares of the company's stock worth $2,599,000 after buying an additional 7,200 shares during the last quarter. 75.08% of the stock is owned by institutional investors.

XPEL Trading Up 1.2%

Shares of NASDAQ:XPEL opened at $42.91 on Wednesday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 21.78 and a beta of 1.18. The company has a 50-day moving average price of $46.42 and a 200 day moving average price of $46.40. XPEL, Inc. has a 12 month low of $31.88 and a 12 month high of $55.91.

XPEL (NASDAQ:XPEL - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. The company had revenue of $143.05 million for the quarter, compared to the consensus estimate of $135.09 million. The business's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, equities analysts forecast that XPEL, Inc. will post 2.12 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on XPEL. Freedom Capital raised XPEL from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Weiss Ratings raised XPEL from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, B. Riley Financial lifted their price target on shares of XPEL from $55.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. One research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.00.

XPEL Profile

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