XPEL, Inc. (NASDAQ:XPEL) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in XPEL, Inc. (NASDAQ:XPEL) by 90.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,164 shares of the company’s stock after purchasing an additional 20,918 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of XPEL worth $1,915,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its stake in shares of XPEL by 2.8% in the third quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock worth $477,000 after purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of XPEL by 0.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 157,296 shares of the company’s stock worth $6,822,000 after purchasing an additional 432 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of XPEL by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 12,934 shares of the company’s stock worth $560,000 after purchasing an additional 441 shares during the last quarter. 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. Finally, Handelsbanken Fonder AB raised its stake in shares of XPEL by 19.3% in the third quarter. Handelsbanken Fonder AB now owns 7,422 shares of the company’s stock worth $322,000 after purchasing an additional 1,200 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Trading Up 2.9 %

Shares of XPEL stock opened at $44.62 on Thursday. The stock has a 50 day moving average of $42.44 and a 200 day moving average of $41.63. The stock has a market cap of $1.23 billion, a P/E ratio of 25.50 and a beta of 1.83. XPEL, Inc. has a twelve month low of $30.75 and a twelve month high of $60.49.

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 the consensus estimate of $0.53 by $0.01. The company had revenue of $112.85 million during the quarter, compared to analysts’ expectations of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. XPEL’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. On average, research analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ryan Pape sold 20,000 shares of the company’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 transaction of $852,800.00. Following the completion of 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 represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the transaction, the director now directly owns 50,008 shares of the company’s stock, valued at approximately $2,150,344. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,544 shares of company stock worth $2,606,789 over the last three months. 9.50% of the stock is currently owned by corporate insiders.

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.