XPEL, Inc. (NASDAQ:XPEL) Shares Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its position in XPEL, Inc. (NASDAQ:XPEL) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 11,000 shares of the company’s stock after acquiring an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in XPEL were worth $477,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of XPEL by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock worth $80,918,000 after buying an additional 22,180 shares during the last quarter. Capital World Investors boosted its stake in shares of XPEL by 14.7% in the first quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after buying an additional 133,182 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its stake in shares of XPEL by 46.3% in the second quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after buying an additional 162,000 shares during the last quarter. Mawer Investment Management Ltd. purchased a new stake in shares of XPEL in the second quarter worth about $12,021,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of XPEL by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after buying an additional 14,872 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Price Performance

NASDAQ:XPEL opened at $39.80 on Wednesday. XPEL, Inc. has a one year low of $30.75 and a one year high of $60.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.62 and a current ratio of 4.77. The stock has a market cap of $1.10 billion, a PE ratio of 23.41 and a beta of 1.85. The stock has a 50 day moving average price of $42.21 and a 200 day moving average price of $39.97.

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

Analysts Set New Price Targets

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

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.