The Manufacturers Life Insurance Company Cuts Position in XPEL, Inc. (NASDAQ:XPEL)

The Manufacturers Life Insurance Company cut its holdings in XPEL, Inc. (NASDAQ:XPEL) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 12,883 shares of the company’s stock after selling 259 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in XPEL were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of XPEL. Mawer Investment Management Ltd. purchased a new stake in shares of XPEL during the 2nd quarter valued at about $12,021,000. Schwartz Investment Counsel Inc. increased its stake in XPEL by 46.3% during the second quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after acquiring an additional 162,000 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in XPEL during the second quarter valued at approximately $2,909,000. Algert Global LLC bought a new stake in shares of XPEL in the 3rd quarter valued at approximately $2,459,000. Finally, Venator Management LLC purchased a new position in shares of XPEL in the 2nd quarter worth approximately $1,778,000. Institutional investors own 75.08% of the company’s stock.

Insider Activity at XPEL

In related news, CEO Ryan Pape sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total transaction of $852,800.00. Following the completion of the transaction, the chief executive officer now owns 1,105,607 shares in the company, valued at $47,143,082.48. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Klonne sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the completion of the sale, the director now owns 50,008 shares in the company, valued at approximately $2,150,344. The trade was a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,544 shares of company stock worth $2,606,789. Insiders own 9.50% of the company’s stock.

XPEL Stock Performance

NASDAQ XPEL opened at $44.05 on Friday. The company has a market cap of $1.22 billion, a P/E ratio of 25.17 and a beta of 1.81. The business’s 50 day moving average price is $43.09 and its 200-day moving average price is $40.86. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.49.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $112.85 million for the quarter, compared to analysts’ expectations of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities analysts predict that XPEL, Inc. will post 1.73 EPS for the current year.

About XPEL

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.