Oppenheimer Asset Management Inc. Acquires 5,049 Shares of XPEL, Inc. (NASDAQ:XPEL)

Oppenheimer Asset Management Inc. grew its position in shares of XPEL, Inc. (NASDAQ:XPELFree Report) by 28.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,018 shares of the company’s stock after acquiring an additional 5,049 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in XPEL were worth $1,775,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in XPEL by 142.1% during the first quarter. Bank of New York Mellon Corp now owns 143,407 shares of the company’s stock worth $7,545,000 after purchasing an additional 84,174 shares during the last quarter. Citigroup Inc. boosted its stake in shares of XPEL by 193.2% during the 1st quarter. Citigroup Inc. now owns 14,350 shares of the company’s stock worth $755,000 after buying an additional 9,456 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of XPEL by 118.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 601 shares of the company’s stock worth $32,000 after buying an additional 326 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of XPEL by 65.6% in the 1st quarter. MetLife Investment Management LLC now owns 9,571 shares of the company’s stock valued at $504,000 after acquiring an additional 3,790 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of XPEL by 143.9% in the first quarter. Rhumbline Advisers now owns 40,762 shares of the company’s stock valued at $2,144,000 after acquiring an additional 24,047 shares during the last quarter. 64.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. B. Riley decreased their price target on XPEL from $97.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. TheStreet downgraded shares of XPEL from a “b-” rating to a “c+” rating in a report on Thursday, November 9th.

Check Out Our Latest Stock Report on XPEL

XPEL Stock Up 1.4 %

Shares of NASDAQ XPEL opened at $51.77 on Wednesday. XPEL, Inc. has a twelve month low of $40.77 and a twelve month high of $87.46. The company has a market cap of $1.43 billion, a PE ratio of 29.25 and a beta of 1.89. The business’s 50 day moving average price is $52.13 and its two-hundred day moving average price is $62.51.

XPEL (NASDAQ:XPELGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. XPEL had a return on equity of 35.16% and a net margin of 13.32%. The business had revenue of $102.68 million for the quarter, compared to analyst estimates of $102.51 million. As a group, research analysts anticipate that XPEL, Inc. will post 2 EPS for the current fiscal year.

About XPEL

(Free Report)

XPEL, Inc sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection, headlight protection, and automotive and architectural window films, as well as proprietary software. It also provides merchandise and apparel; ceramic coatings; and tools and accessories, which include squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.

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Institutional Ownership by Quarter for XPEL (NASDAQ:XPEL)

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