Venator Management LLC Purchases New Stake in XPEL, Inc. (NASDAQ:XPEL)

Venator Management LLC acquired a new position in shares of XPEL, Inc. (NASDAQ:XPEL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $1,778,000. XPEL accounts for 0.5% of Venator Management LLC’s investment portfolio, making the stock its 20th biggest holding. Venator Management LLC owned 0.18% of XPEL at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XPEL. ProShare Advisors LLC increased its stake in shares of XPEL by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock valued at $245,000 after purchasing an additional 313 shares during the last quarter. Mendota Financial Group LLC grew its position in XPEL by 11.4% in the second quarter. Mendota Financial Group LLC now owns 3,606 shares of the company’s stock valued at $128,000 after acquiring an additional 370 shares during the last quarter. Janus Henderson Group PLC raised its stake in XPEL by 3.4% during the first quarter. Janus Henderson Group PLC now owns 18,401 shares of the company’s stock worth $994,000 after acquiring an additional 605 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of XPEL by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,065 shares of the company’s stock worth $922,000 after acquiring an additional 901 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of XPEL by 10.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,102 shares of the company’s stock valued at $708,000 after purchasing an additional 1,269 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. B. Riley upgraded shares of XPEL from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $58.00 in a research report on Friday, August 9th. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th.

XPEL Stock Down 2.4 %

NASDAQ:XPEL opened at $42.94 on Thursday. XPEL, Inc. has a one year low of $30.75 and a one year high of $78.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62. The company has a market cap of $1.19 billion, a PE ratio of 24.82 and a beta of 1.84. The firm’s 50 day simple moving average is $40.95 and its 200 day simple moving average is $42.88.

XPEL (NASDAQ:XPEL) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.08. XPEL had a net margin of 11.59% and a return on equity of 26.80%. The firm had revenue of $109.92 million during the quarter, compared to the consensus estimate of $105.67 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts anticipate that XPEL, Inc. will post 1.65 earnings per share for the current year.

XPEL Company Profile

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.