Principal Financial Group Inc. Has $4.01 Million Holdings in XPEL, Inc. (NASDAQ:XPEL)

Principal Financial Group Inc. cut its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,772 shares of the company’s stock after selling 3,923 shares during the quarter. Principal Financial Group Inc. owned 0.41% of XPEL worth $4,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Advocates Investment Management acquired a new stake in XPEL during the 2nd quarter worth about $223,000. Bank of New York Mellon Corp boosted its position in XPEL by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after acquiring an additional 14,872 shares during the period. Schwartz Investment Counsel Inc. boosted its position in XPEL by 46.3% during the 2nd 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 period. Wealth Enhancement Advisory Services LLC boosted its position in XPEL by 21.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 156,864 shares of the company’s stock worth $5,578,000 after acquiring an additional 27,276 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in XPEL during the 2nd quarter worth about $475,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

XPEL Stock Down 2.8 %

XPEL opened at $41.65 on Wednesday. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $78.76. The business has a 50-day moving average of $39.77 and a 200-day moving average of $43.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62. The company has a market capitalization of $1.15 billion, a PE ratio of 24.08 and a beta of 1.84.

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

Wall Street Analysts Forecast Growth

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

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.