Franklin Resources Inc. Invests $686,000 in XPEL, Inc. (NASDAQ:XPEL)

Franklin Resources Inc. acquired a new position in shares of XPEL, Inc. (NASDAQ:XPEL) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,256 shares of the company’s stock, valued at approximately $686,000. Franklin Resources Inc. owned about 0.06% of XPEL at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in XPEL by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after acquiring an additional 14,872 shares during the period. nVerses Capital LLC raised its stake in shares of XPEL by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $68,000 after acquiring an additional 1,800 shares in the last quarter. Rhumbline Advisers grew its position in shares of XPEL by 4.5% in the second quarter. Rhumbline Advisers now owns 63,235 shares of the company’s stock valued at $2,249,000 after purchasing an additional 2,711 shares during the last quarter. Fiera Capital Corp raised its stake in XPEL by 23.1% during the 2nd quarter. Fiera Capital Corp now owns 32,000 shares of the company’s stock valued at $1,138,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in shares of XPEL in the 2nd quarter worth approximately $12,021,000. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Down 1.4 %

NASDAQ XPEL opened at $39.65 on Monday. The company’s 50-day simple moving average is $42.77 and its 200 day simple moving average is $41.07. XPEL, Inc. has a twelve month low of $30.75 and a twelve month high of $60.49. The stock has a market cap of $1.10 billion, a P/E ratio of 22.66 and a beta of 1.81.

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

Insider Activity at XPEL

In other news, Director Mike Klonne sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was 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 $2,150,344. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Pape sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total transaction of $852,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,105,607 shares in the company, valued at approximately $47,143,082.48. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,544 shares of company stock worth $2,606,789 over the last ninety days. Company insiders own 9.50% of the company’s stock.

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.