Thrivent Financial for Lutherans Decreases Position in XPEL, Inc. (NASDAQ:XPEL)

Thrivent Financial for Lutherans decreased its holdings in XPEL, Inc. (NASDAQ:XPEL) by 17.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,664 shares of the company’s stock after selling 3,792 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of XPEL worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Mawer Investment Management Ltd. acquired a new position in XPEL during the 2nd quarter worth $12,021,000. Schwartz Investment Counsel Inc. grew its position in shares of XPEL by 46.3% during the second quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after buying an additional 162,000 shares in the last quarter. Capital World Investors increased its stake in shares of XPEL by 14.7% during the first quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after buying an additional 133,182 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in XPEL in the first quarter valued at approximately $7,000,000. Finally, Bares Capital Management Inc. lifted its stake in XPEL by 13.0% in the fourth quarter. Bares Capital Management Inc. now owns 726,082 shares of the company’s stock worth $39,100,000 after acquiring an additional 83,311 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

XPEL Price Performance

XPEL stock opened at $43.58 on Wednesday. The company has a current ratio of 4.77, a quick ratio of 1.62 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.20 billion, a P/E ratio of 24.90 and a beta of 1.83. The business has a 50 day simple moving average of $42.31 and a 200-day simple moving average of $42.13. XPEL, Inc. has a twelve month low of $30.75 and a twelve month high of $78.62.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 company had revenue of $109.92 million for the quarter, compared to the consensus estimate of $105.67 million. During the same period last year, the firm posted $0.57 EPS. XPEL’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that XPEL, Inc. will post 1.65 EPS for the current year.

XPEL 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.