Markel Group Inc. acquired a new stake in shares of XPEL, Inc. (NASDAQ:XPEL – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 20,872 shares of the company’s stock, valued at approximately $922,000.
Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LP bought a new position in XPEL during the second quarter valued at approximately $1,043,000. Polar Asset Management Partners Inc. bought a new position in XPEL during the first quarter valued at $5,400,000. JB Capital Partners LP bought a new position in XPEL during the second quarter valued at $1,240,000. Bank of America Corp DE purchased a new position in shares of XPEL in the 2nd quarter worth $3,427,000. Finally, SCS Capital Management LLC purchased a new position in shares of XPEL in the 2nd quarter worth $61,580,000. 75.08% of the stock is owned by institutional investors.
XPEL Stock Performance
Shares of NASDAQ:XPEL opened at $42.49 on Wednesday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 22.42 and a beta of 1.20. XPEL, Inc. has a 12 month low of $31.88 and a 12 month high of $55.91. The firm’s 50-day moving average is $45.81 and its 200 day moving average is $46.17. The company has a current ratio of 2.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.14.
XPEL (NASDAQ:XPEL – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $143.05 million for the quarter, compared to analyst estimates of $135.09 million. XPEL had a net margin of 10.77% and a return on equity of 18.98%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. Research analysts predict that XPEL, Inc. will post 2.12 EPS for the current year.
Analyst Upgrades and Downgrades
XPEL has been the topic of a number of research reports. B. Riley Financial boosted their target price on shares of XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of XPEL from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Freedom Capital upgraded XPEL from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.
Check Out Our Latest Stock Analysis on XPEL
About XPEL
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