Bank of New York Mellon Corp Trims Stock Holdings in XPEL, Inc. (NASDAQ:XPEL)

Bank of New York Mellon Corp trimmed its position in XPEL, Inc. (NASDAQ:XPEL) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,950 shares of the company’s stock after selling 10,156 shares during the period. Bank of New York Mellon Corp owned 0.55% of XPEL worth $6,029,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in XPEL in the 3rd quarter valued at $64,000. National Bank of Canada FI purchased a new position in XPEL in the 3rd quarter worth $71,000. FMR LLC raised its position in XPEL by 247.7% in the 3rd quarter. FMR LLC now owns 2,799 shares of the company’s stock worth $121,000 after purchasing an additional 1,994 shares during the period. MML Investors Services LLC purchased a new position in XPEL in the 3rd quarter worth $205,000. Finally, XTX Topco Ltd purchased a new position in shares of XPEL in the third quarter valued at about $294,000. 75.08% of the stock is owned by institutional investors.

XPEL Price Performance

Shares of NASDAQ XPEL opened at $32.45 on Monday. XPEL, Inc. has a 1 year low of $29.00 and a 1 year high of $60.49. The company’s 50-day moving average is $38.82 and its 200 day moving average is $41.30. The stock has a market capitalization of $897.31 million, a P/E ratio of 18.54 and a beta of 1.82.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company had revenue of $107.53 million for the quarter, compared to analysts’ expectations of $106.98 million. Research analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current year.

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.