Polen Capital Management LLC Cuts Stake in XPEL, Inc. (NASDAQ:XPEL)

Polen Capital Management LLC cut its stake in XPEL, Inc. (NASDAQ:XPEL) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,064 shares of the company’s stock after selling 4,646 shares during the quarter. Polen Capital Management LLC owned about 0.21% of XPEL worth $3,073,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank raised its position in XPEL by 2.8% in the third quarter. Amalgamated Bank now owns 9,613 shares of the company’s stock valued at $741,000 after purchasing an additional 259 shares during the period. SG Americas Securities LLC grew its stake in shares of XPEL by 6.2% during the fourth quarter. SG Americas Securities LLC now owns 7,421 shares of the company’s stock valued at $400,000 after acquiring an additional 436 shares in the last quarter. NBC Securities Inc. grew its stake in shares of XPEL by 11.2% during the fourth quarter. NBC Securities Inc. now owns 5,574 shares of the company’s stock valued at $300,000 after acquiring an additional 562 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of XPEL by 2.4% during the third quarter. New York State Common Retirement Fund now owns 29,556 shares of the company’s stock valued at $2,279,000 after acquiring an additional 686 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of XPEL by 4.6% during the third quarter. Texas Permanent School Fund Corp now owns 18,064 shares of the company’s stock valued at $1,393,000 after acquiring an additional 799 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Stock Down 2.9 %

NASDAQ:XPEL traded down $1.13 during mid-day trading on Friday, reaching $37.73. The stock had a trading volume of 174,322 shares, compared to its average volume of 196,470. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.81 and a beta of 1.74. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $87.46. The stock’s 50 day simple moving average is $42.73 and its two-hundred day simple moving average is $49.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.81 and a quick ratio of 1.34.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $94.08 million. XPEL had a return on equity of 29.11% and a net margin of 11.99%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Equities analysts anticipate that XPEL, Inc. will post 1.6 EPS for the current year.

Insider Buying and Selling

In related news, Director John F. North bought 3,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $32.17 per share, for a total transaction of $96,510.00. Following the completion of the purchase, the director now directly owns 3,799 shares in the company, valued at approximately $122,213.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Craig Hallum restated a “hold” rating and set a $40.00 target price (down from $60.00) on shares of XPEL in a research note on Friday, May 3rd. B. Riley restated a “neutral” rating and set a $37.00 target price (down from $74.00) on shares of XPEL in a research note on Friday, May 3rd.

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.