20,872 XPEL, Inc. $XPEL Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC decreased its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 72.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,111 shares of the company’s stock after selling 20,872 shares during the period. Redmond Asset Management LLC’s holdings in XPEL were worth $358,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XPEL. BlackRock Inc. bought a new stake in XPEL in the second quarter worth approximately $190,144,000. SCS Capital Management LLC bought a new position in shares of XPEL during the 2nd quarter worth approximately $61,580,000. Schwartz Investment Counsel Inc. boosted its holdings in shares of XPEL by 10.0% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 905,154 shares of the company’s stock worth $39,981,000 after buying an additional 82,330 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of XPEL by 16.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 472,643 shares of the company’s stock worth $20,911,000 after buying an additional 68,295 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of XPEL during the 2nd quarter worth approximately $15,236,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

XPEL Stock Performance

NASDAQ XPEL opened at $45.78 on Friday. The company has a fifty day simple moving average of $46.20 and a 200 day simple moving average of $46.31. XPEL, Inc. has a 12-month low of $31.88 and a 12-month high of $55.91. The company has a current ratio of 2.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.26 billion, a P/E ratio of 23.24 and a beta of 1.18.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. XPEL had a net margin of 10.77% and a return on equity of 18.98%. The business had revenue of $143.05 million during the quarter, compared to analyst estimates of $135.09 million. During the same quarter in the previous year, the business posted $0.59 EPS. XPEL’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that XPEL, Inc. will post 2.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XPEL. Weiss Ratings upgraded shares of XPEL from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. B. Riley Financial boosted their target price on XPEL from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Freedom Capital raised XPEL from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

XPEL Profile

Error: Response status code does not indicate success: 500 (Internal Server Error).