XPEL, Inc. (NASDAQ:XPEL) Shares Bought by Fiera Capital Corp

Fiera Capital Corp grew its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 32,500 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Fiera Capital Corp’s holdings in XPEL were worth $955,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Cresset Asset Management LLC raised its stake in shares of XPEL by 0.5% in the fourth quarter. Cresset Asset Management LLC now owns 108,666 shares of the company’s stock valued at $4,340,000 after acquiring an additional 489 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of XPEL by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,375 shares of the company’s stock valued at $574,000 after acquiring an additional 511 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of XPEL by 12.1% in the first quarter. Victory Capital Management Inc. now owns 5,395 shares of the company’s stock valued at $159,000 after acquiring an additional 583 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of XPEL by 10.7% in the first quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company’s stock valued at $228,000 after acquiring an additional 748 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of XPEL by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,485 shares of the company’s stock valued at $618,000 after acquiring an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

XPEL Trading Down 2.6%

Shares of NASDAQ XPEL opened at $32.86 on Thursday. The stock has a market cap of $909.24 million, a P/E ratio of 19.22 and a beta of 1.83. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $48.58. The business’s fifty day simple moving average is $36.20 and its 200-day simple moving average is $35.08.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. XPEL had a return on equity of 21.89% and a net margin of 10.92%. The company had revenue of $103.81 million for the quarter, compared to analysts’ expectations of $97.40 million. During the same period last year, the firm earned $0.24 earnings per share. XPEL’s quarterly revenue was up 15.2% on a year-over-year basis. On average, equities analysts forecast that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its board has authorized a share buyback plan on Tuesday, May 6th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded XPEL from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st.

About XPEL

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.