Sei Investments Co. Boosts Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Sei Investments Co. lifted its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,396 shares of the company’s stock after purchasing an additional 10,300 shares during the period. Sei Investments Co.’s holdings in XPEL were worth $5,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC raised its stake in shares of XPEL by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock valued at $245,000 after buying an additional 313 shares during the period. Mendota Financial Group LLC raised its stake in 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 acquiring an additional 370 shares during the period. Janus Henderson Group PLC lifted its holdings in XPEL by 3.4% during the first quarter. Janus Henderson Group PLC now owns 18,401 shares of the company’s stock valued at $994,000 after purchasing an additional 605 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in XPEL by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,065 shares of the company’s stock worth $922,000 after purchasing an additional 901 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in shares of XPEL by 10.7% in the first quarter. Illinois Municipal Retirement Fund now owns 13,102 shares of the company’s stock worth $708,000 after purchasing an additional 1,269 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Price Performance

Shares of NASDAQ:XPEL opened at $42.37 on Wednesday. The company has a 50 day moving average of $41.99 and a 200 day moving average of $42.37. The company has a current ratio of 4.77, a quick ratio of 1.62 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.17 billion, a P/E ratio of 24.49 and a beta of 1.84. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $78.62.

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

Analyst Ratings Changes

A number of analysts recently commented on XPEL shares. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. B. Riley upgraded XPEL from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $58.00 in a research note on Friday, August 9th.

XPEL Company 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.