Bank of New York Mellon Corp Sells 10,156 Shares of XPEL, Inc. (NASDAQ:XPEL)

Bank of New York Mellon Corp lessened its position in XPEL, Inc. (NASDAQ:XPEL) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,950 shares of the company’s stock after selling 10,156 shares during the period. Bank of New York Mellon Corp’s holdings in XPEL were worth $6,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of XPEL by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 114,876 shares of the company’s stock worth $4,588,000 after buying an additional 3,700 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its position in XPEL by 4.9% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company’s stock valued at $21,448,000 after purchasing an additional 25,000 shares during the period. Laurus Investment Counsel Inc. lifted its position in XPEL by 29.5% during the fourth quarter. Laurus Investment Counsel Inc. now owns 46,530 shares of the company’s stock valued at $1,858,000 after purchasing an additional 10,600 shares during the period. Janney Montgomery Scott LLC bought a new position in XPEL during the fourth quarter valued at approximately $1,113,000. Finally, Nordea Investment Management AB lifted its position in XPEL by 1.5% during the fourth quarter. Nordea Investment Management AB now owns 82,268 shares of the company’s stock valued at $3,289,000 after purchasing an additional 1,206 shares during the period. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Up 5.8 %

Shares of XPEL stock opened at $32.45 on Monday. The company has a market cap of $897.31 million, a price-to-earnings ratio of 18.54 and a beta of 1.82. The company’s 50 day moving average is $38.82 and its 200 day moving average is $41.30. XPEL, Inc. has a twelve month low of $29.00 and a twelve month high of $60.49.

XPEL (NASDAQ:XPEL) last announced its earnings results on Wednesday, February 26th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). XPEL had a net margin of 11.61% and a return on equity of 24.68%. The business had revenue of $107.53 million for the quarter, compared to analysts’ expectations of $106.98 million. Sell-side analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal 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.