Principal Financial Group Inc. Has $4.82 Million Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Principal Financial Group Inc. cut its stake in shares of XPEL, Inc. (NASDAQ:XPEL) by 1.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 111,176 shares of the company’s stock after selling 1,596 shares during the quarter. Principal Financial Group Inc.’s holdings in XPEL were worth $4,822,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in XPEL by 190.4% during the 3rd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after acquiring an additional 514 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of XPEL during the third quarter worth about $64,000. nVerses Capital LLC increased its stake in shares of XPEL by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $68,000 after buying an additional 1,800 shares during the period. National Bank of Canada FI bought a new position in XPEL in the 3rd quarter valued at approximately $71,000. Finally, FMR LLC boosted its position in XPEL by 247.7% during the 3rd quarter. FMR LLC now owns 2,799 shares of the company’s stock worth $121,000 after buying an additional 1,994 shares during the period. 75.08% of the stock is currently owned by institutional investors.

XPEL Stock Performance

Shares of NASDAQ XPEL opened at $38.97 on Friday. XPEL, Inc. has a 52-week low of $30.75 and a 52-week high of $60.49. The stock has a market cap of $1.08 billion, a P/E ratio of 22.27 and a beta of 1.81. The firm has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $41.08.

XPEL (NASDAQ:XPEL) last announced its earnings results on Thursday, November 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Activity at XPEL

In related news, Director Mike Klonne sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the transaction, the director now owns 50,008 shares in the company, valued at $2,150,344. The trade was a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total value 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. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,544 shares of company stock worth $2,606,789 over the last ninety days. Insiders own 9.50% of the company’s stock.

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.