First Citizens Bank & Trust Co. Takes Position in XPEL, Inc. $XPEL

First Citizens Bank & Trust Co. purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,101 shares of the company’s stock, valued at approximately $506,000. First Citizens Bank & Trust Co. owned about 0.05% of XPEL as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. SCS Capital Management LLC purchased a new stake in shares of XPEL during the first quarter valued at approximately $51,460,000. Schwartz Investment Counsel Inc. grew its holdings in shares of XPEL by 12.5% during the second quarter. Schwartz Investment Counsel Inc. now owns 870,999 shares of the company’s stock valued at $31,269,000 after buying an additional 96,660 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in XPEL by 11.5% in the first quarter. Mawer Investment Management Ltd. now owns 443,210 shares of the company’s stock worth $13,022,000 after purchasing an additional 45,677 shares during the last quarter. LHM Inc. boosted its holdings in XPEL by 35.3% in the first quarter. LHM Inc. now owns 165,511 shares of the company’s stock worth $4,863,000 after purchasing an additional 43,158 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in XPEL by 2.3% in the first quarter. Principal Financial Group Inc. now owns 117,535 shares of the company’s stock worth $3,453,000 after purchasing an additional 2,659 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XPEL shares. Weiss Ratings restated a “hold (c-)” rating on shares of XPEL in a report on Friday. Zacks Research upgraded shares of XPEL from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

XPEL Stock Performance

Shares of NASDAQ XPEL opened at $35.68 on Friday. The company has a market cap of $987.27 million, a P/E ratio of 20.27 and a beta of 1.68. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $47.23. The firm’s fifty day moving average is $35.13 and its two-hundred day moving average is $34.54.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The business had revenue of $124.71 million during the quarter, compared to analyst estimates of $118.37 million. XPEL had a return on equity of 21.17% and a net margin of 10.84%.The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, analysts forecast that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL 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.