State Street Corp Raises Stake in XPEL, Inc. (NASDAQ:XPEL)

State Street Corp increased its holdings in XPEL, Inc. (NASDAQ:XPEL) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 842,141 shares of the company’s stock after acquiring an additional 32,188 shares during the quarter. State Street Corp’s holdings in XPEL were worth $36,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XPEL. Louisiana State Employees Retirement System boosted its position in shares of XPEL by 2.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock worth $477,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in XPEL by 0.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 157,296 shares of the company’s stock valued at $6,822,000 after buying an additional 432 shares in the last quarter. State of Alaska Department of Revenue boosted its position in XPEL by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,934 shares of the company’s stock worth $560,000 after purchasing an additional 441 shares in the last quarter. GAMMA Investing LLC raised its position in XPEL by 190.4% during the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after acquiring an additional 514 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in XPEL by 19.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,422 shares of the company’s stock worth $322,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Insider Activity at XPEL

In other news, CEO Ryan Pape sold 20,000 shares of the business’s stock in a transaction dated 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 directly owns 1,105,607 shares of the company’s stock, valued at approximately $47,143,082.48. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Klonne sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the director now owns 50,008 shares of the company’s stock, 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. Company insiders own 9.50% of the company’s stock.

XPEL Stock Performance

Shares of XPEL stock opened at $40.64 on Friday. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.49. The firm has a market capitalization of $1.12 billion, a P/E ratio of 23.22 and a beta of 1.81. The stock’s fifty day moving average is $42.99 and its two-hundred day moving average is $41.02.

XPEL (NASDAQ:XPEL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $112.85 million during 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%. XPEL’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.56 earnings per share. On average, equities analysts forecast that XPEL, Inc. will post 1.73 earnings per share 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.