Geode Capital Management LLC Has $24.81 Million Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Geode Capital Management LLC raised its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 571,880 shares of the company’s stock after purchasing an additional 25,526 shares during the period. Geode Capital Management LLC owned 2.07% of XPEL worth $24,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Venator Management LLC acquired a new position in XPEL in the second quarter valued at approximately $1,778,000. Mawer Investment Management Ltd. acquired a new position in shares of XPEL in the 2nd quarter valued at $12,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of XPEL by 35.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,631 shares of the company’s stock worth $2,022,000 after purchasing an additional 12,256 shares during the last quarter. Algert Global LLC acquired a new stake in shares of XPEL during the third quarter worth $2,459,000. Finally, Bank of Montreal Can increased its holdings in XPEL by 47.0% in the second quarter. Bank of Montreal Can now owns 48,133 shares of the company’s stock valued at $1,746,000 after purchasing an additional 15,385 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Trading Down 1.4 %

NASDAQ:XPEL opened at $39.65 on Friday. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $60.49. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.66 and a beta of 1.81. The business’s 50-day moving average price is $42.77 and its two-hundred day moving average price is $41.05.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, beating 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 business had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. During the same period last year, the company posted $0.56 EPS. XPEL’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current year.

Insider Transactions at XPEL

In other XPEL news, Director Mike Klonne sold 5,000 shares of XPEL stock in a transaction 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 directly owns 50,008 shares in the company, valued at approximately $2,150,344. The trade was a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Pape sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total value of $852,800.00. Following the transaction, the chief executive officer now directly owns 1,105,607 shares of the company’s stock, valued at $47,143,082.48. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,544 shares of company stock valued at $2,606,789 over the last three months. 9.50% of the stock is currently owned by corporate insiders.

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.