XPEL, Inc. (NASDAQ:XPEL) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP boosted its stake in XPEL, Inc. (NASDAQ:XPEL) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,932,402 shares of the company’s stock after purchasing an additional 170,265 shares during the period. Wasatch Advisors LP owned approximately 14.22% of XPEL worth $170,548,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in XPEL by 190.4% in the 3rd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $34,000 after purchasing an additional 514 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in XPEL in the 2nd quarter valued at $50,000. Quantbot Technologies LP acquired a new stake in XPEL in the 3rd quarter valued at $64,000. nVerses Capital LLC increased its holdings in XPEL by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $68,000 after purchasing an additional 1,800 shares in the last quarter. Finally, FMR LLC increased its holdings in XPEL by 247.7% in the 3rd quarter. FMR LLC now owns 2,799 shares of the company’s stock valued at $121,000 after purchasing an additional 1,994 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPEL. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. B. Riley raised shares of XPEL from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $58.00 in a research report on Friday, August 9th.

Insider Transactions at XPEL

In related news, Director Mike Klonne sold 5,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the sale, the director now owns 50,008 shares in the company, valued at $2,150,344. This represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total transaction of $852,800.00. Following the sale, the chief executive officer now owns 1,105,607 shares in the company, valued at approximately $47,143,082.48. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $1,994,600. Insiders own 9.50% of the company’s stock.

XPEL Price Performance

NASDAQ:XPEL opened at $43.50 on Friday. The firm has a 50-day moving average of $42.58 and a two-hundred day moving average of $40.10. The stock has a market cap of $1.20 billion, a P/E ratio of 24.86 and a beta of 1.85. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $60.49.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings data 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. The company had revenue of $112.85 million during the quarter, compared to analysts’ expectations of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. As a group, equities analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current year.

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.