Weiss Ratings Reiterates "Hold (C-)" Rating for XPEL (NASDAQ:XPEL)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for XPEL (NASDAQ:XPEL), following a report where other analysts have also assigned hold or buy ratings.
• XPEL's stock rose by 3.4%, trading at $34.94, with a market capitalization of approximately $966.68 million and a PE ratio of 19.81.
• The company reported a quarterly earnings per share (EPS) of $0.59, surpassing expectations and noting a 13.5% increase in revenue year-over-year.

XPEL (NASDAQ:XPEL - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

XPEL has been the topic of a number of other research reports. Zacks Research raised shares of XPEL from a "strong sell" rating to a "hold" rating in a research report on Monday. Wall Street Zen upgraded shares of XPEL from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, XPEL currently has a consensus rating of "Hold".

XPEL Stock Up 3.4%

XPEL traded up $1.16 during trading on Wednesday, reaching $34.94. 69,646 shares of the stock traded hands, compared to its average volume of 215,725. The stock has a market capitalization of $966.68 million, a PE ratio of 19.81 and a beta of 1.68. The stock's 50-day moving average is $35.12 and its 200 day moving average is $34.05. XPEL has a 12 month low of $24.25 and a 12 month high of $47.23.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in XPEL by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company's stock worth $407,000 after buying an additional 4,904 shares during the period. Bridges Investment Management Inc. boosted its holdings in XPEL by 111.3% in the 1st quarter. Bridges Investment Management Inc. now owns 52,823 shares of the company's stock worth $1,552,000 after buying an additional 27,826 shares during the period. GAMMA Investing LLC boosted its holdings in XPEL by 308.2% in the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock worth $98,000 after buying an additional 2,521 shares during the period. Public Sector Pension Investment Board boosted its holdings in XPEL by 27.4% in the 1st quarter. Public Sector Pension Investment Board now owns 71,920 shares of the company's stock worth $2,113,000 after buying an additional 15,458 shares during the period. Finally, Schwartz Investment Counsel Inc. lifted its stake in XPEL by 44.2% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company's stock worth $22,750,000 after purchasing an additional 237,339 shares in the last quarter. 75.08% of the stock is owned by institutional investors.

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.

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