Essex Investment Management Co. LLC boosted its stake in shares of XL Fleet Corp. (NYSE:XL – Get Rating) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 479,947 shares of the company’s stock after purchasing an additional 16,148 shares during the period. Essex Investment Management Co. LLC owned approximately 0.34% of XL Fleet worth $552,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of XL. Kestra Private Wealth Services LLC purchased a new stake in shares of XL Fleet in the 1st quarter valued at $26,000. Point72 Hong Kong Ltd boosted its holdings in shares of XL Fleet by 323.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 12,993 shares of the company’s stock valued at $26,000 after acquiring an additional 9,923 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of XL Fleet in the 1st quarter valued at $31,000. UBS Group AG lifted its stake in shares of XL Fleet by 239.1% in the 2nd quarter. UBS Group AG now owns 21,216 shares of the company’s stock valued at $25,000 after purchasing an additional 14,959 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of XL Fleet by 60.8% in the 1st quarter. Teacher Retirement System of Texas now owns 21,674 shares of the company’s stock valued at $43,000 after purchasing an additional 8,198 shares during the period. Hedge funds and other institutional investors own 30.34% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of XL Fleet in a research note on Wednesday. They issued a “sell” rating for the company.
XL Fleet Stock Performance
Insiders Place Their Bets
In related news, CEO Eric M. Tech acquired 50,000 shares of XL Fleet stock in a transaction on Friday, November 11th. The stock was bought at an average cost of $0.98 per share, for a total transaction of $49,000.00. Following the completion of the transaction, the chief executive officer now owns 988,481 shares of the company’s stock, valued at approximately $968,711.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 95,000 shares of company stock worth $96,272. Company insiders own 15.30% of the company’s stock.
XL Fleet Profile
XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles.
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