New York State Teachers Retirement System boosted its holdings in shares of XPEL, Inc. (NASDAQ:XPEL – Get Rating) by 114.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,098 shares of the company's stock after purchasing an additional 11,246 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of XPEL worth $1,360,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in XPEL. Nisa Investment Advisors LLC bought a new stake in XPEL during the 2nd quarter valued at approximately $32,000. PNC Financial Services Group Inc. raised its stake in XPEL by 118.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 601 shares of the company's stock valued at $32,000 after purchasing an additional 326 shares during the period. Strs Ohio bought a new stake in XPEL during the 3rd quarter valued at approximately $45,000. Lazard Asset Management LLC bought a new stake in XPEL during the 1st quarter valued at approximately $51,000. Finally, Financial Management Professionals Inc. bought a new stake in XPEL in the 3rd quarter worth approximately $58,000. Institutional investors own 59.47% of the company's stock.
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Insider Activity
In other news, Director Richard K. Crumly sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $71.80, for a total transaction of $718,000.00. Following the transaction, the director now owns 774,998 shares of the company's stock, valued at approximately $55,644,856.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Richard K. Crumly sold 658 shares of the business's stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $70.14, for a total transaction of $46,152.12. Following the transaction, the director now owns 808,498 shares of the company's stock, valued at approximately $56,708,049.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard K. Crumly sold 10,000 shares of the business's stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $71.80, for a total value of $718,000.00. Following the transaction, the director now owns 774,998 shares of the company's stock, valued at approximately $55,644,856.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,071 shares of company stock valued at $4,797,702. 22.60% of the stock is currently owned by insiders.
XPEL Stock Performance
NASDAQ:XPEL opened at $72.15 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.29 and a quick ratio of 1.11. XPEL, Inc. has a 1 year low of $39.80 and a 1 year high of $87.01. The stock's 50 day simple moving average is $64.39 and its two-hundred day simple moving average is $64.56. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 51.17 and a beta of 1.86.
XPEL (NASDAQ:XPEL – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $89.76 million for the quarter, compared to the consensus estimate of $85.02 million. XPEL had a return on equity of 40.61% and a net margin of 12.43%. As a group, equities analysts anticipate that XPEL, Inc. will post 1.6 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
XPEL has been the topic of a number of research reports. Craig Hallum reduced their price objective on XPEL to $85.00 in a research note on Tuesday, November 15th. EF Hutton Acquisition Co. I initiated coverage on XPEL in a research note on Tuesday, September 27th. They issued a "buy" rating and a $104.00 price objective on the stock.
XPEL Profile
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XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection films, headlight protection, and automotive and architectural window films, as well as proprietary software. It also provides merchandise and apparel; ceramic coatings; and tools and accessories, which includes squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.
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