XPEL, Inc. (NASDAQ:XPEL) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in XPEL, Inc. (NASDAQ:XPEL) by 19.3% during the third quarter, Holdings Channel.com reports. The fund owned 7,422 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in XPEL were worth $322,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of XPEL by 80.4% in the 3rd quarter. SG Americas Securities LLC now owns 24,098 shares of the company’s stock worth $1,045,000 after purchasing an additional 10,741 shares during the period. Aurora Investment Counsel increased its position in XPEL by 29.6% during the 2nd quarter. Aurora Investment Counsel now owns 46,442 shares of the company’s stock worth $1,651,000 after purchasing an additional 10,608 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in XPEL by 14.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,142 shares of the company’s stock valued at $467,000 after buying an additional 1,653 shares during the period. Bank of Montreal Can lifted its position in XPEL by 47.0% during the second quarter. Bank of Montreal Can now owns 48,133 shares of the company’s stock valued at $1,746,000 after buying an additional 15,385 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in XPEL by 6.1% during the second quarter. Public Sector Pension Investment Board now owns 46,845 shares of the company’s stock worth $1,666,000 after buying an additional 2,689 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on XPEL shares. B. Riley raised shares of XPEL from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $58.00 in a research note on Friday, August 9th. Craig Hallum raised XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th.

XPEL Stock Down 2.4 %

Shares of NASDAQ:XPEL opened at $42.21 on Tuesday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 24.40 and a beta of 1.83. The company has a 50 day moving average of $42.86 and a two-hundred day moving average of $41.74. XPEL, Inc. has a 52-week low of $30.75 and a 52-week high of $65.36. The company has a quick ratio of 1.62, a current ratio of 4.77 and a debt-to-equity ratio of 0.06.

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

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.