Texas Permanent School Fund Corp Trims Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Texas Permanent School Fund Corp trimmed its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 14.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,922 shares of the company’s stock after selling 2,697 shares during the period. Texas Permanent School Fund Corp owned about 0.06% of XPEL worth $566,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Wasatch Advisors LP lifted its holdings in XPEL by 25.6% in the 4th quarter. Wasatch Advisors LP now owns 3,614,809 shares of the company’s stock valued at $194,657,000 after purchasing an additional 737,094 shares in the last quarter. Capital World Investors lifted its stake in shares of XPEL by 34.9% during the fourth quarter. Capital World Investors now owns 903,527 shares of the company’s stock valued at $48,655,000 after buying an additional 233,542 shares during the period. Schwartz Investment Counsel Inc. boosted its position in XPEL by 46.3% during the second quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after acquiring an additional 162,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in XPEL in the 1st quarter worth approximately $7,000,000. Finally, Bares Capital Management Inc. grew its stake in XPEL by 13.0% in the 4th quarter. Bares Capital Management Inc. now owns 726,082 shares of the company’s stock worth $39,100,000 after acquiring an additional 83,311 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

XPEL Trading Down 2.9 %

NASDAQ:XPEL opened at $42.78 on Friday. The business’s 50-day moving average is $41.27 and its two-hundred day moving average is $42.77. The firm has a market capitalization of $1.18 billion, a PE ratio of 24.73 and a beta of 1.84. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $78.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62.

XPEL (NASDAQ:XPEL) last announced its earnings results on Thursday, August 8th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.46 by $0.08. The business had revenue of $109.92 million for the quarter, compared to the consensus estimate of $105.67 million. XPEL had a return on equity of 26.80% and a net margin of 11.59%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Research analysts predict that XPEL, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XPEL. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. B. Riley raised XPEL from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $58.00 in a research note on Friday, August 9th.

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.