XPEL, Inc. $XPEL Holdings Reduced by SCS Capital Management LLC

SCS Capital Management LLC lowered its position in XPEL, Inc. (NASDAQ:XPEL) by 29.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,241,540 shares of the company’s stock after selling 510,000 shares during the quarter. XPEL comprises approximately 0.5% of SCS Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. SCS Capital Management LLC’s holdings in XPEL were worth $44,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Schwartz Investment Counsel Inc. grew its holdings in XPEL by 12.5% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 870,999 shares of the company’s stock worth $31,269,000 after buying an additional 96,660 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in XPEL by 5.1% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 327,747 shares of the company’s stock worth $11,766,000 after acquiring an additional 16,008 shares during the period. LHM Inc. boosted its position in XPEL by 35.3% during the 1st quarter. LHM Inc. now owns 165,511 shares of the company’s stock worth $4,863,000 after acquiring an additional 43,158 shares during the period. Sprucegrove Investment Management Ltd. grew its stake in shares of XPEL by 129.0% in the second quarter. Sprucegrove Investment Management Ltd. now owns 119,100 shares of the company’s stock worth $4,276,000 after purchasing an additional 67,100 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of XPEL by 354.0% during the second quarter. JPMorgan Chase & Co. now owns 115,193 shares of the company’s stock valued at $4,135,000 after purchasing an additional 89,820 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

XPEL Stock Performance

Shares of NASDAQ:XPEL opened at $49.09 on Friday. XPEL, Inc. has a one year low of $24.25 and a one year high of $49.19. The stock has a fifty day moving average of $38.16 and a 200-day moving average of $36.70. The company has a market capitalization of $1.36 billion, a PE ratio of 29.05 and a beta of 1.35.

XPEL (NASDAQ:XPEL) last issued its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $125.42 million during the quarter, compared to analyst estimates of $119.25 million. XPEL had a return on equity of 19.20% and a net margin of 10.12%.The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, research analysts forecast that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XPEL shares. Zacks Research raised shares of XPEL from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of XPEL in a research report on Monday. Finally, Wall Street Zen lowered shares of XPEL from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

XPEL Company 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.