Hsbc Holdings PLC Invests $1.07 Million in XPEL, Inc. (NASDAQ:XPEL)

Hsbc Holdings PLC purchased a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,778 shares of the company's stock, valued at approximately $1,072,000. Hsbc Holdings PLC owned approximately 0.10% of XPEL as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Barclays PLC boosted its stake in XPEL by 79.5% during the third quarter. Barclays PLC now owns 78,646 shares of the company's stock worth $3,411,000 after acquiring an additional 34,830 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of XPEL during the 3rd quarter worth about $686,000. JPMorgan Chase & Co. grew its stake in shares of XPEL by 90.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,164 shares of the company's stock valued at $1,915,000 after buying an additional 20,918 shares during the period. Nordea Investment Management AB increased its position in XPEL by 1.5% in the 4th quarter. Nordea Investment Management AB now owns 82,268 shares of the company's stock valued at $3,289,000 after buying an additional 1,206 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in XPEL in the 4th quarter valued at about $1,113,000. Institutional investors and hedge funds own 75.08% of the company's stock.

XPEL Stock Up 6.5 %

NASDAQ:XPEL traded up $2.17 on Wednesday, hitting $35.60. The stock had a trading volume of 619,707 shares, compared to its average volume of 207,821. The company has a market cap of $984.87 million, a PE ratio of 20.34 and a beta of 1.83. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58. The business's fifty day moving average is $29.19 and its 200 day moving average is $37.48.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.06. The company had revenue of $103.81 million for the quarter, compared to analysts' expectations of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. XPEL's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Equities analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL announced that its board has authorized a share buyback program on Tuesday, May 6th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is 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.