XPEL, Inc. (NASDAQ:XPEL) CEO Ryan Pape Sells 20,000 Shares

XPEL, Inc. (NASDAQ:XPEL) CEO Ryan Pape sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total value of $852,800.00. Following the completion of the sale, the chief executive officer now owns 1,105,607 shares in the company, valued at $47,143,082.48. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

XPEL Price Performance

Shares of NASDAQ XPEL opened at $44.85 on Friday. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.49. The firm has a market capitalization of $1.24 billion, a P/E ratio of 25.63 and a beta of 1.85. The company’s 50 day simple moving average is $42.49 and its 200 day simple moving average is $39.63.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. During the same quarter in the prior year, the business posted $0.56 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP increased its stake in XPEL by 4.5% in the third quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock valued at $170,548,000 after purchasing an additional 170,265 shares in the last quarter. Vanguard Group Inc. increased its position in shares of XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock valued at $80,918,000 after buying an additional 22,180 shares in the last quarter. Capital World Investors raised its stake in XPEL by 14.7% during the 1st quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after buying an additional 133,182 shares during the period. State Street Corp lifted its holdings in XPEL by 4.0% during the third quarter. State Street Corp now owns 842,141 shares of the company’s stock worth $36,524,000 after acquiring an additional 32,188 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in XPEL by 4.7% in the third quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock valued at $24,807,000 after acquiring an additional 25,526 shares during the period. Institutional investors own 75.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. B. Riley raised XPEL from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $58.00 in a research note on Friday, August 9th.

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.