Oppenheimer Asset Management Inc. Sells 5,798 Shares of XPEL, Inc. (NASDAQ:XPEL)

Oppenheimer Asset Management Inc. decreased its position in XPEL, Inc. (NASDAQ:XPEL) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,948 shares of the company’s stock after selling 5,798 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of XPEL worth $1,240,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in XPEL. Wasatch Advisors LP boosted its position in XPEL by 25.6% during the fourth quarter. Wasatch Advisors LP now owns 3,614,809 shares of the company’s stock worth $194,657,000 after purchasing an additional 737,094 shares during the period. Capital World Investors lifted its holdings in shares of XPEL by 34.9% during the fourth quarter. Capital World Investors now owns 903,527 shares of the company’s stock worth $48,655,000 after buying an additional 233,542 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of XPEL during the first quarter worth approximately $7,000,000. Bares Capital Management Inc. lifted its holdings in shares of XPEL by 13.0% during the fourth quarter. Bares Capital Management Inc. now owns 726,082 shares of the company’s stock worth $39,100,000 after buying an additional 83,311 shares during the last quarter. Finally, Heritage Wealth Management LLC acquired a new position in shares of XPEL during the fourth quarter worth approximately $4,405,000. Institutional investors own 75.08% of the company’s stock.

Insiders Place Their Bets

In related news, Director John F. North acquired 3,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $32.17 per share, for a total transaction of $96,510.00. Following the completion of the purchase, the director now directly owns 3,799 shares of the company’s stock, valued at approximately $122,213.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.50% of the company’s stock.

XPEL Stock Performance

Shares of NASDAQ XPEL opened at $36.34 on Monday. The business has a fifty day simple moving average of $35.62 and a 200 day simple moving average of $46.78. The company has a current ratio of 4.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 21.01 and a beta of 1.72. XPEL, Inc. has a one year low of $30.75 and a one year high of $86.67.

XPEL (NASDAQ:XPEL) last issued its earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). XPEL had a net margin of 11.99% and a return on equity of 29.11%. The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $94.08 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts expect that XPEL, Inc. will post 1.6 EPS for the current year.

Analysts Set New Price Targets

XPEL has been the subject of a number of research analyst reports. Craig Hallum reiterated a “hold” rating and set a $40.00 price target (down from $60.00) on shares of XPEL in a report on Friday, May 3rd. B. Riley restated a “neutral” rating and issued a $37.00 target price (down from $74.00) on shares of XPEL in a research note on Friday, May 3rd.

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.