Principal Financial Group Inc. Trims Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Principal Financial Group Inc. trimmed its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,176 shares of the company’s stock after selling 1,596 shares during the period. Principal Financial Group Inc. owned about 0.40% of XPEL worth $4,822,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of XPEL. ProShare Advisors LLC raised its stake in XPEL by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock valued at $245,000 after purchasing an additional 313 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of XPEL by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock valued at $80,918,000 after buying an additional 22,180 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in XPEL by 9.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,195 shares of the company’s stock worth $981,000 after acquiring an additional 1,506 shares during the last quarter. Capital World Investors raised its holdings in XPEL by 14.7% in the 1st quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock valued at $56,003,000 after acquiring an additional 133,182 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of XPEL by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,065 shares of the company’s stock worth $922,000 after purchasing an additional 901 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at XPEL

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 transaction of $215,000.00. Following the sale, the director now owns 50,008 shares in the company, valued at $2,150,344. This represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of the company’s 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. 9.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XPEL has been the topic of several recent analyst reports. 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. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

XPEL Stock Up 1.7 %

XPEL stock opened at $43.25 on Thursday. The firm has a market capitalization of $1.20 billion, a P/E ratio of 24.71 and a beta of 1.85. The firm has a fifty day moving average of $42.45 and a 200-day moving average of $39.60. XPEL, Inc. has a 52-week low of $30.75 and a 52-week high of $60.49.

XPEL (NASDAQ:XPEL) last announced its 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 business had revenue of $112.85 million during 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 business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

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.