State Street Corp Raises Stock Holdings in XPEL, Inc. (NASDAQ:XPEL)

State Street Corp increased its stake in XPEL, Inc. (NASDAQ:XPEL) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 842,141 shares of the company’s stock after buying an additional 32,188 shares during the period. State Street Corp owned 3.05% of XPEL worth $36,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of XPEL by 190.4% in the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after purchasing an additional 514 shares during the last quarter. Quantbot Technologies LP purchased a new stake in XPEL in the third quarter worth about $64,000. nVerses Capital LLC raised its stake in XPEL by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $68,000 after acquiring an additional 1,800 shares during the period. FMR LLC lifted its stake in shares of XPEL by 247.7% during the 3rd quarter. FMR LLC now owns 2,799 shares of the company’s stock valued at $121,000 after buying an additional 1,994 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of XPEL during the third quarter worth about $208,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Insider Activity

In related news, CEO Ryan Pape sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.34, for a total value of $926,800.00. Following the completion of the transaction, the chief executive officer now owns 1,085,607 shares of the company’s stock, valued at approximately $50,307,028.38. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the director now owns 50,008 shares in the company, valued at approximately $2,150,344. This trade represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,544 shares of company stock worth $2,606,789. 9.50% of the stock is currently owned by insiders.

XPEL Stock Performance

Shares of NASDAQ:XPEL opened at $40.64 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 23.22 and a beta of 1.81. The firm has a fifty day moving average price of $42.99 and a 200 day moving average price of $41.02. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.49.

XPEL (NASDAQ:XPEL) last posted its earnings results on Thursday, November 7th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, research analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current 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.