Fmr LLC Grows Position in XPEL, Inc. (NASDAQ:XPEL)

Fmr LLC grew its holdings in XPEL, Inc. (NASDAQ:XPEL) by 247.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,799 shares of the company’s stock after acquiring an additional 1,994 shares during the period. Fmr LLC’s holdings in XPEL were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in XPEL by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after acquiring an additional 14,872 shares during the last quarter. Financial Advocates Investment Management purchased a new position in shares of XPEL during the second quarter valued at $223,000. nVerses Capital LLC raised its stake in XPEL by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $68,000 after buying an additional 1,800 shares in the last quarter. Rhumbline Advisers grew its stake in XPEL by 4.5% in the second quarter. Rhumbline Advisers now owns 63,235 shares of the company’s stock valued at $2,249,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in XPEL by 23.1% during the second quarter. Fiera Capital Corp now owns 32,000 shares of the company’s stock valued at $1,138,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mike Klonne sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the transaction, the director now owns 50,008 shares in the company, valued at $2,150,344. This trade represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Pape sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total transaction of $852,800.00. Following the sale, the chief executive officer now directly owns 1,105,607 shares of the company’s stock, valued at $47,143,082.48. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,544 shares of company stock worth $2,606,789. Corporate insiders own 9.50% of the company’s stock.

XPEL Stock Performance

XPEL stock opened at $40.64 on Monday. XPEL, Inc. has a one year low of $30.75 and a one year high of $60.49. The stock has a market cap of $1.12 billion, a PE ratio of 23.22 and a beta of 1.81. The stock has a 50-day moving average of $42.99 and a two-hundred day moving average of $41.03.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. XPEL’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, sell-side analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

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.