MML Investors Services LLC Takes Position in XPEL, Inc. (NASDAQ:XPEL)

MML Investors Services LLC purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,717 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently made changes to their positions in XPEL. Wasatch Advisors LP boosted its position in shares of XPEL by 4.5% during the third quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock valued at $170,548,000 after purchasing an additional 170,265 shares in the last quarter. State Street Corp increased its stake in XPEL by 4.0% during the 3rd quarter. State Street Corp now owns 842,141 shares of the company’s stock valued at $36,524,000 after purchasing an additional 32,188 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in XPEL by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 348,947 shares of the company’s stock worth $15,134,000 after acquiring an additional 10,910 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of XPEL by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,423 shares of the company’s stock worth $8,996,000 after purchasing an additional 8,445 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in XPEL by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after buying an additional 14,872 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Performance

Shares of XPEL stock opened at $40.20 on Friday. The stock’s fifty day moving average is $42.82 and its 200 day moving average is $41.05. XPEL, Inc. has a one year low of $30.75 and a one year high of $60.49. The stock has a market cap of $1.11 billion, a P/E ratio of 22.97 and a beta of 1.81.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm had revenue of $112.85 million during the quarter, compared to analysts’ expectations of $114.59 million. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that XPEL, Inc. will post 1.73 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mike Klonne sold 5,000 shares of the stock in a transaction dated 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 directly owns 50,008 shares of the company’s stock, valued at $2,150,344. This represents a 9.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total value of $852,800.00. Following the sale, the chief executive officer now directly owns 1,105,607 shares of the company’s stock, valued at $47,143,082.48. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,544 shares of company stock valued at $2,606,789 in the last three months. Corporate insiders own 9.50% of the company’s stock.

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.