Renaissance Technologies LLC grew its position in shares of XPEL, Inc. (NASDAQ:XPEL – Free Report) by 144.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,600 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Renaissance Technologies LLC’s holdings in XPEL were worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Langdon Equity Partners bought a new position in shares of XPEL in the fourth quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its position in XPEL by 159.8% during the 4th quarter. Hantz Financial Services Inc. now owns 582 shares of the company’s stock worth $29,000 after acquiring an additional 358 shares during the last quarter. Parallel Advisors LLC grew its position in XPEL by 424.4% during the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $41,000 after acquiring an additional 747 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in XPEL by 462.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 985 shares of the company’s stock valued at $49,000 after purchasing an additional 810 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in XPEL during the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 75.08% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. B. Riley Financial boosted their price objective on XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPEL in a report on Wednesday, June 24th. Freedom Capital downgraded shares of XPEL from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of XPEL from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.00.
XPEL Stock Up 5.0%
NASDAQ:XPEL opened at $50.07 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.61 and a debt-to-equity ratio of 0.14. XPEL, Inc. has a 12-month low of $31.50 and a 12-month high of $55.91. The stock’s fifty day simple moving average is $45.76 and its 200-day simple moving average is $45.99. The firm has a market capitalization of $1.38 billion, a P/E ratio of 25.42 and a beta of 1.09.
XPEL (NASDAQ:XPEL – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. The firm had revenue of $143.05 million for the quarter, compared to analyst estimates of $135.09 million. XPEL had a return on equity of 18.98% and a net margin of 10.77%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Equities research analysts expect that XPEL, Inc. will post 1.92 earnings per share for the current year.
About XPEL
XPEL, Inc is a leading manufacturer and distributor of advanced protective films and coatings for automotive, marine, aviation, and architectural applications. The company’s core products include paint protection film (PPF), window tinting film, and ceramic coatings designed to shield surfaces from scratches, environmental contaminants, and UV damage. XPEL’s flagship PPF, known for its self-healing properties, is engineered to maintain a vehicle’s factory finish by resisting swirl marks, stone chips, and acid rain.
Beyond automotive protection, XPEL has expanded its offerings to include protective films for electronics and architectural surfaces, providing solutions that enhance durability and prolong the life of high-value assets.
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