Oppenheimer Asset Management Inc. Increases Stock Position in XPEL, Inc. $XPEL

Oppenheimer Asset Management Inc. raised its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,025 shares of the company’s stock after buying an additional 688 shares during the period. Oppenheimer Asset Management Inc. owned about 0.12% of XPEL worth $1,221,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SCS Capital Management LLC bought a new position in XPEL in the 1st quarter worth $51,460,000. Schwartz Investment Counsel Inc. lifted its position in shares of XPEL by 12.5% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 870,999 shares of the company’s stock worth $31,269,000 after purchasing an additional 96,660 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of XPEL by 11.5% in the 1st 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 period. LHM Inc. lifted its position in shares of XPEL by 35.3% in the 1st 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 period. Finally, Principal Financial Group Inc. lifted its position in shares of XPEL by 2.3% in the 1st 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 period. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on XPEL shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of XPEL in a research report on Wednesday, October 8th. Zacks Research raised shares of XPEL from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen raised shares of XPEL from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, XPEL has a consensus rating of “Hold”.

XPEL Price Performance

Shares of XPEL stock opened at $34.10 on Friday. The company has a 50-day moving average of $34.92 and a 200 day moving average of $34.83. The firm has a market cap of $943.55 million, a price-to-earnings ratio of 19.38 and a beta of 1.68. XPEL, Inc. has a 1 year low of $24.25 and a 1 year high of $47.23.

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