XPEL (NASDAQ:XPEL) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of XPEL (NASDAQ:XPEL) from a strong-buy rating to a hold rating in a research note published on Wednesday morning, 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. “

Separately, TheStreet raised shares of XPEL from a c rating to an a- rating in a research report on Monday, June 28th.

XPEL opened at $71.13 on Wednesday. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 65.86 and a beta of 2.36. The company’s 50 day moving average price is $77.79 and its two-hundred day moving average price is $77.11. XPEL has a fifty-two week low of $24.60 and a fifty-two week high of $103.84.

XPEL (NASDAQ:XPEL) last issued its earnings results on Monday, August 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. XPEL had a return on equity of 51.64% and a net margin of 13.81%. The company had revenue of $68.74 million for the quarter, compared to analysts’ expectations of $55.15 million. As a group, research analysts expect that XPEL will post 1.26 EPS for the current fiscal year.

In related news, CEO Ryan Pape sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 21st. The shares were sold at an average price of $92.10, for a total value of $736,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard K. Crumly sold 24,000 shares of XPEL stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of $90.90, for a total transaction of $2,181,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 433,000 shares of company stock valued at $34,656,785 in the last ninety days. Insiders own 35.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its position in shares of XPEL by 0.9% during the second quarter. New York State Common Retirement Fund now owns 15,437 shares of the company’s stock valued at $1,295,000 after buying an additional 137 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in XPEL by 16.4% in the second 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 last quarter. Advisor Group Holdings Inc. boosted its position in XPEL by 10.9% in the second 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 last quarter. ProShare Advisors LLC increased its holdings in XPEL by 4.5% during the second quarter. ProShare Advisors LLC now owns 4,659 shares of the company’s stock valued at $391,000 after buying an additional 202 shares during the last quarter. Finally, Credit Suisse AG lifted its position in shares of XPEL by 1.8% during the 2nd quarter. Credit Suisse AG now owns 11,833 shares of the company’s stock valued at $993,000 after buying an additional 210 shares in the last quarter. 34.45% of the stock is currently owned by institutional investors.

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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