XPEL (NASDAQ:XPEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of XPEL (NASDAQ:XPEL - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

XPEL Stock Up 0.0%

Shares of XPEL stock traded up $0.01 on Friday, hitting $36.15. 272,941 shares of the company traded hands, compared to its average volume of 198,098. XPEL has a 12-month low of $24.25 and a 12-month high of $48.58. The company has a market cap of $1.00 billion, a PE ratio of 21.14 and a beta of 1.85. The company has a 50-day moving average price of $33.59 and a 200 day moving average price of $36.09.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. XPEL had a net margin of 10.92% and a return on equity of 21.89%. The firm had revenue of $103.81 million for the quarter, compared to analyst estimates of $97.40 million. During the same quarter last year, the firm earned $0.24 earnings per share. The company's revenue for the quarter was up 15.2% on a year-over-year basis. Equities research analysts anticipate that XPEL will post 1.73 EPS for the current year.

XPEL declared that its board has approved a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On XPEL

Several large investors have recently added to or reduced their stakes in XPEL. SCS Capital Management LLC acquired a new stake in XPEL during the first quarter valued at approximately $51,460,000. Schwartz Investment Counsel Inc. raised its holdings in shares of 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 buying an additional 237,339 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of XPEL by 11.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 443,210 shares of the company's stock worth $13,022,000 after buying an additional 45,677 shares during the period. Dimensional Fund Advisors LP boosted its stake in XPEL by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 317,971 shares of the company's stock valued at $12,700,000 after buying an additional 3,701 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in XPEL by 9.6% in the 4th quarter. Northern Trust Corp now owns 255,921 shares of the company's stock valued at $10,221,000 after buying an additional 22,388 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

XPEL Company 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.