Wellington Management Group LLP Sells 86,267 Shares of XPEL, Inc. (NASDAQ:XPEL)

Wellington Management Group LLP reduced its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 28.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218,278 shares of the company’s stock after selling 86,267 shares during the quarter. Wellington Management Group LLP owned 0.79% of XPEL worth $11,754,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XPEL. Charles Schwab Investment Management Inc. grew its stake in shares of XPEL by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 172,265 shares of the company’s stock worth $13,283,000 after acquiring an additional 14,983 shares during the period. Deutsche Bank AG grew its stake in shares of XPEL by 13.6% in the third quarter. Deutsche Bank AG now owns 11,890 shares of the company’s stock worth $917,000 after acquiring an additional 1,427 shares during the period. Rhumbline Advisers grew its stake in shares of XPEL by 4.5% in the third quarter. Rhumbline Advisers now owns 61,408 shares of the company’s stock worth $4,735,000 after acquiring an additional 2,662 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of XPEL by 656.1% in the third quarter. Envestnet Asset Management Inc. now owns 44,534 shares of the company’s stock worth $3,434,000 after acquiring an additional 38,644 shares during the period. Finally, FMR LLC bought a new stake in shares of XPEL in the third quarter worth approximately $12,780,000. 75.08% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John F. North acquired 3,000 shares of XPEL stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $32.17 per share, for a total transaction of $96,510.00. Following the completion of the transaction, the director now directly owns 3,799 shares in the company, valued at approximately $122,213.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

XPEL has been the topic of a number of research reports. B. Riley reissued a “neutral” rating and issued a $37.00 price objective (down previously from $74.00) on shares of XPEL in a report on Friday, May 3rd. Craig Hallum reissued a “hold” rating and issued a $40.00 price objective (down previously from $60.00) on shares of XPEL in a report on Friday, May 3rd.

XPEL Price Performance

Shares of NASDAQ:XPEL opened at $35.05 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.81 and a quick ratio of 1.34. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $87.46. The company has a market capitalization of $968.43 million, a P/E ratio of 20.17 and a beta of 1.74. The firm’s 50 day simple moving average is $39.84 and its two-hundred day simple moving average is $48.62.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $94.08 million. XPEL had a net margin of 11.99% and a return on equity of 29.11%. XPEL’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Research analysts expect that XPEL, Inc. will post 1.6 EPS for the current fiscal year.

About XPEL

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.