The Manufacturers Life Insurance Company bought a new position in XPEL, Inc. (NASDAQ:XPEL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 10,906 shares of the company’s stock, valued at approximately $541,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wasatch Advisors LP boosted its holdings in XPEL by 5.0% in the 2nd quarter. Wasatch Advisors LP now owns 3,947,310 shares of the company’s stock worth $141,708,000 after buying an additional 188,368 shares during the period. BlackRock Inc. bought a new stake in XPEL during the 2nd quarter valued at $190,144,000. Vanguard Group Inc. lifted its position in shares of XPEL by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 1,751,046 shares of the company’s stock worth $87,395,000 after acquiring an additional 74,822 shares in the last quarter. Alta Fox Capital Management LLC lifted its position in shares of XPEL by 2,392.9% during the fourth quarter. Alta Fox Capital Management LLC now owns 1,442,638 shares of the company’s stock worth $72,002,000 after acquiring an additional 1,384,769 shares in the last quarter. Finally, SCS Capital Management LLC bought a new position in shares of XPEL in the second quarter worth $61,580,000. Institutional investors own 75.08% of the company’s stock.
Wall Street Analyst Weigh In
XPEL has been the subject of several recent research reports. Weiss Ratings upgraded XPEL from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. B. Riley Financial raised their target price on XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Freedom Capital upgraded XPEL from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.00.
XPEL Stock Performance
XPEL stock opened at $51.45 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.14 and a current ratio of 2.61. XPEL, Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $55.91. The stock has a market cap of $1.42 billion, a P/E ratio of 26.12 and a beta of 1.13. The firm’s fifty day moving average price is $47.46 and its 200-day moving average price is $45.49.
XPEL (NASDAQ:XPEL – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. XPEL had a return on equity of 18.98% and a net margin of 10.77%.The company had revenue of $143.05 million during the quarter, compared to analyst estimates of $135.09 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that XPEL, Inc. will post 2.12 earnings per share for the current fiscal year.
XPEL Profile
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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