XPEL, Inc. (NASDAQ:XPEL) Position Cut by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in XPEL, Inc. (NASDAQ:XPEL) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,727 shares of the company’s stock after selling 587 shares during the quarter. Voya Investment Management LLC’s holdings in XPEL were worth $309,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quantbot Technologies LP increased its holdings in shares of XPEL by 46.0% during the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company’s stock valued at $86,000 after purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of XPEL by 199.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company’s stock valued at $189,000 after acquiring an additional 3,153 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in XPEL during the fourth quarter worth approximately $212,000. XTX Topco Ltd boosted its stake in XPEL by 22.6% during the 4th quarter. XTX Topco Ltd now owns 8,324 shares of the company’s stock valued at $332,000 after purchasing an additional 1,535 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in shares of XPEL by 78.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,758 shares of the company’s stock worth $390,000 after buying an additional 4,296 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Down 2.4%

Shares of XPEL stock opened at $36.71 on Monday. The stock has a 50-day simple moving average of $29.51 and a 200 day simple moving average of $37.39. The stock has a market capitalization of $1.02 billion, a P/E ratio of 20.98 and a beta of 1.83. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $48.58.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company had revenue of $103.81 million for the quarter, compared to analysts’ expectations of $97.40 million. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL declared that its board has initiated a stock buyback plan on Tuesday, May 6th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.