Allspring Global Investments Holdings LLC Makes New Investment in XPEL, Inc. (NASDAQ:XPEL)

Allspring Global Investments Holdings LLC bought a new position in shares of XPEL, Inc. (NASDAQ:XPEL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,059 shares of the company’s stock, valued at approximately $393,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in XPEL by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock worth $80,918,000 after buying an additional 22,180 shares during the last quarter. Capital World Investors lifted its holdings in XPEL by 14.7% during the 1st 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 last quarter. Schwartz Investment Counsel Inc. lifted its holdings in XPEL by 46.3% during the 2nd 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 during the last quarter. Mawer Investment Management Ltd. bought a new position in XPEL during the 2nd quarter worth approximately $12,021,000. Finally, Bank of New York Mellon Corp raised its position in shares of XPEL by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after purchasing an additional 14,872 shares during the period. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Up 1.0 %

Shares of XPEL stock opened at $38.94 on Friday. 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 business’s 50 day simple moving average is $42.44 and its 200-day simple moving average is $40.24. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.91 and a beta of 1.85. XPEL, Inc. has a twelve month low of $30.75 and a twelve month high of $60.49.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. B. Riley upgraded XPEL from a “neutral” rating to a “buy” rating and increased their price target 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 report on Thursday, August 8th.

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.