Victory Capital Management Inc. Sells 325 Shares of XPEL, Inc. (NASDAQ:XPEL)

Victory Capital Management Inc. lessened its stake in XPEL, Inc. (NASDAQ:XPEL) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,796 shares of the company’s stock after selling 325 shares during the quarter. Victory Capital Management Inc.’s holdings in XPEL were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XPEL. Vanguard Group Inc. increased its stake in shares of XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock valued at $80,918,000 after acquiring an additional 22,180 shares during the last quarter. Schwartz Investment Counsel Inc. increased its stake in XPEL by 46.3% in the second quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock valued at $18,207,000 after purchasing an additional 162,000 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in XPEL in the second quarter worth $12,021,000. Bank of New York Mellon Corp boosted its position in shares of XPEL by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after purchasing an additional 14,872 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of XPEL by 0.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 157,296 shares of the company’s stock valued at $6,822,000 after buying an additional 432 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s stock.

Analysts Set New Price Targets

XPEL has been the topic of several research analyst reports. Craig Hallum raised XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. B. Riley upgraded XPEL from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $58.00 in a report on Friday, August 9th.

XPEL Trading Up 0.1 %

XPEL opened at $43.46 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 24.83 and a beta of 1.85. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $60.49. The firm’s fifty day simple moving average is $42.57 and its 200 day simple moving average is $40.04.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $112.85 million for the quarter, compared to analyst estimates of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. On average, equities research analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was 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 approximately $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 SEC, which is accessible through this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.34, for a total value of $926,800.00. Following the completion of the transaction, the chief executive officer now owns 1,085,607 shares of the company’s stock, valued at approximately $50,307,028.38. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $1,994,600 in the last quarter. 9.50% of the stock is currently owned by insiders.

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.