Bank of New York Mellon Corp Acquires 14,872 Shares of XPEL, Inc. (NASDAQ:XPEL)

Bank of New York Mellon Corp grew its holdings in XPEL, Inc. (NASDAQ:XPEL) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 169,524 shares of the company’s stock after purchasing an additional 14,872 shares during the period. Bank of New York Mellon Corp’s holdings in XPEL were worth $6,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Carolina Wealth Advisors LLC acquired a new stake in XPEL in the second quarter valued at about $50,000. Mendota Financial Group LLC boosted its stake in shares of XPEL by 11.4% in the 2nd quarter. Mendota Financial Group LLC now owns 3,606 shares of the company’s stock valued at $128,000 after purchasing an additional 370 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of XPEL by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock valued at $245,000 after purchasing an additional 313 shares during the last quarter. Aristides Capital LLC acquired a new position in XPEL during the 4th quarter worth approximately $247,000. Finally, Quest Partners LLC bought a new position in XPEL in the 4th quarter valued at approximately $273,000. Institutional investors own 75.08% of the company’s stock.

Analyst Ratings Changes

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

XPEL Stock Down 0.2 %

Shares of NASDAQ XPEL opened at $42.53 on Friday. The company has a 50 day simple moving average of $40.15 and a 200 day simple moving average of $43.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62. XPEL, Inc. has a 1 year low of $30.75 and a 1 year high of $78.76. The firm has a market cap of $1.18 billion, a PE ratio of 24.58 and a beta of 1.84.

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