AlphaQuest LLC Takes $688,000 Position in XPEL, Inc. $XPEL

AlphaQuest LLC bought a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,163 shares of the company’s stock, valued at approximately $688,000. AlphaQuest LLC owned approximately 0.07% of XPEL at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XPEL. GAMMA Investing LLC lifted its position in shares of XPEL by 308.2% during the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company’s stock valued at $98,000 after buying an additional 2,521 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of XPEL by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,984 shares of the company’s stock valued at $407,000 after buying an additional 4,904 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of XPEL by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 117,535 shares of the company’s stock valued at $3,453,000 after buying an additional 2,659 shares in the last quarter. Eukles Asset Management purchased a new position in shares of XPEL during the 1st quarter valued at approximately $35,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of XPEL by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 47,399 shares of the company’s stock valued at $1,393,000 after buying an additional 2,872 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XPEL shares. Zacks Research upgraded XPEL from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of XPEL in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded XPEL from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

XPEL Stock Up 0.9%

Shares of XPEL opened at $36.00 on Tuesday. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $47.23. The company has a market capitalization of $996.12 million, a PE ratio of 20.45 and a beta of 1.68. The stock has a fifty day simple moving average of $35.09 and a two-hundred day simple moving average of $34.64.

XPEL (NASDAQ:XPEL) last issued its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. XPEL had a return on equity of 21.17% and a net margin of 10.84%.The business had revenue of $124.71 million during the quarter, compared to the consensus estimate of $118.37 million. During the same period last year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current fiscal 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.