XPEL, Inc. $XPEL Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in XPEL, Inc. by 2.0%, owning approximately 1,589,700 shares, worth about $46.7 million after selling 32,662 shares in the first quarter.
• Other institutional investors have increased their holdings in XPEL, with Allspring Global Investments raising its position by 54.0% during the same quarter.
• XPEL's recent quarterly earnings reported an EPS of $0.59, surpassing estimates, with revenues increasing by 13.5% year-over-year to $124.71 million.

Vanguard Group Inc. reduced its stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,589,700 shares of the company's stock after selling 32,662 shares during the period. Vanguard Group Inc. owned 5.75% of XPEL worth $46,705,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XPEL. Eukles Asset Management purchased a new position in XPEL in the 1st quarter worth approximately $35,000. GAMMA Investing LLC increased its position in shares of XPEL by 308.2% during the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock valued at $98,000 after purchasing an additional 2,521 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of XPEL by 12.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock valued at $159,000 after purchasing an additional 583 shares during the last quarter. Tower Research Capital LLC TRC grew its position in XPEL by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock valued at $189,000 after acquiring an additional 3,153 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in XPEL in the 4th quarter valued at $210,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research raised XPEL to a "strong sell" rating in a research report on Friday, August 8th. Wall Street Zen cut XPEL from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

XPEL Stock Performance

XPEL stock traded up $0.32 during midday trading on Thursday, hitting $37.82. 149,223 shares of the company were exchanged, compared to its average volume of 218,150. The firm has a market capitalization of $1.05 billion, a PE ratio of 20.95 and a beta of 1.83. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $47.23. The business has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $34.25.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $124.71 million for the quarter, compared to analyst estimates of $118.37 million. XPEL had a return on equity of 21.17% and a net margin of 10.84%.XPEL's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, equities analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL announced that its board has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.