Wasatch Advisors LP Cuts Stake in XPEL, Inc. (NASDAQ:XPEL)

Wasatch Advisors LP lowered its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,898,921 shares of the company's stock after selling 33,481 shares during the quarter. Wasatch Advisors LP owned about 14.10% of XPEL worth $155,723,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in XPEL in the third quarter valued at $71,000. Quantbot Technologies LP lifted its holdings in shares of XPEL by 46.0% in the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock valued at $86,000 after purchasing an additional 682 shares in the last quarter. FMR LLC lifted its position in shares of XPEL by 247.7% during the 3rd quarter. FMR LLC now owns 2,799 shares of the company's stock worth $121,000 after buying an additional 1,994 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of XPEL during the 3rd quarter worth $205,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in XPEL in the fourth quarter worth $212,000. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Price Performance

XPEL stock traded down $0.64 during mid-day trading on Monday, reaching $25.20. 29,108 shares of the company traded hands, compared to its average volume of 210,951. The company has a fifty day moving average price of $32.07 and a 200-day moving average price of $38.68. The company has a market capitalization of $696.83 million, a P/E ratio of 14.40 and a beta of 1.83. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $55.97.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company had revenue of $107.53 million during the quarter, compared to the consensus estimate of $106.98 million. As a group, analysts forecast that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL 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.