XPEL, Inc. $XPEL Stock Holdings Reduced by CenterBook Partners LP

CenterBook Partners LP reduced its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 59.2% during the third quarter, Holdings Channel reports. The fund owned 14,444 shares of the company’s stock after selling 20,943 shares during the period. CenterBook Partners LP’s holdings in XPEL were worth $638,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XPEL. Polar Asset Management Partners Inc. purchased a new stake in shares of XPEL in the 1st quarter valued at $5,400,000. Corient Private Wealth LP bought a new position in shares of XPEL during the 2nd quarter valued at $1,043,000. JB Capital Partners LP bought a new position in shares of XPEL during the 2nd quarter valued at $1,240,000. Bank of America Corp DE bought a new position in shares of XPEL during the 2nd quarter valued at $3,427,000. Finally, SCS Capital Management LLC purchased a new position in XPEL in the 2nd quarter worth $61,580,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Price Performance

XPEL opened at $39.61 on Thursday. The stock’s 50 day simple moving average is $44.60 and its 200 day simple moving average is $45.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.56 and a quick ratio of 1.18. XPEL, Inc. has a 1 year low of $36.99 and a 1 year high of $55.91. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 18.95 and a beta of 1.20.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. XPEL had a return on equity of 19.39% and a net margin of 11.17%. The business had revenue of $137.81 million for the quarter, compared to analysts’ expectations of $138.75 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that XPEL, Inc. will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on XPEL. Weiss Ratings downgraded shares of XPEL from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. B. Riley Financial upped their price target on shares of XPEL from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research lowered shares of XPEL from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Finally, Freedom Capital raised XPEL from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, XPEL has an average rating of “Moderate Buy” and an average target price of $65.00.

XPEL Company Profile

XPEL, Inc. develops and distributes protective films, coatings and related products for vehicles and buildings. Its automotive offerings include paint protection film, window tint and ceramic coatings designed to help protect vehicle surfaces and interiors. The company also serves the architectural market with films for glass and other building surfaces. XPEL supports product installation through a network of dealers and installers, along with training, installation tools and its Design Access Program software, which provides digital patterns for cutting protective films.