Zacks Investment Research Downgrades XPEL (NASDAQ:XPEL) to Hold

XPEL (NASDAQ:XPEL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “XPEL Inc. is a provider of protective films and coatings which includes automotive paint protection film, surface protection film, automotive and architectural window films and ceramic coatings. XPEL Inc. is based in San Antonio, United States. “

XPEL opened at $65.50 on Thursday. XPEL has a 52 week low of $44.11 and a 52 week high of $103.84. The business has a fifty day simple moving average of $69.65 and a 200-day simple moving average of $76.55. The firm has a market cap of $1.81 billion, a P/E ratio of 57.46 and a beta of 2.13.

XPEL (NASDAQ:XPEL) last released its earnings results on Tuesday, November 9th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $68.53 million during the quarter, compared to analyst estimates of $64.04 million. XPEL had a return on equity of 48.84% and a net margin of 13.23%. During the same period last year, the business posted $0.24 earnings per share. Research analysts expect that XPEL will post 1.23 earnings per share for the current year.

In other news, Director Richard K. Crumly sold 19,200 shares of XPEL stock in a transaction dated Monday, January 10th. The stock was sold at an average price of $64.26, for a total transaction of $1,233,792.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard K. Crumly sold 18,000 shares of XPEL stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $75.13, for a total value of $1,352,340.00. The disclosure for this sale can be found here. Insiders have sold a total of 311,800 shares of company stock valued at $21,934,480 over the last ninety days. 35.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC increased its position in XPEL by 16.4% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,000 shares of the company’s stock worth $84,000 after purchasing an additional 141 shares during the period. Advisor Group Holdings Inc. increased its position in XPEL by 10.9% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,560 shares of the company’s stock worth $131,000 after purchasing an additional 153 shares during the period. Voya Investment Management LLC increased its position in XPEL by 2.9% during the 3rd quarter. Voya Investment Management LLC now owns 7,160 shares of the company’s stock worth $543,000 after purchasing an additional 199 shares during the period. ProShare Advisors LLC boosted its stake in shares of XPEL by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 4,659 shares of the company’s stock worth $391,000 after acquiring an additional 202 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of XPEL by 1.8% during the 2nd quarter. Credit Suisse AG now owns 11,833 shares of the company’s stock worth $993,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 34.13% of the company’s stock.

XPEL Company Profile

XPEL, Inc engages in the manufacture and distribution of automotive products. It offers paint protection, aumototive, and flat glass window films, and plotters. The company was founded on October 14, 2003 and is headquartered in San Antonio, TX.

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