King Luther Capital Management Corp Buys 137,884 Shares of XPEL, Inc. $XPEL

King Luther Capital Management Corp purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the third quarter, Holdings Channel reports. The fund purchased 137,884 shares of the company’s stock, valued at approximately $6,090,000.

Other institutional investors have also bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. grew its holdings in XPEL by 11.5% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,537 shares of the company’s stock worth $112,000 after acquiring an additional 262 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of XPEL by 3.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,080 shares of the company’s stock valued at $599,000 after purchasing an additional 421 shares during the period. Lakewood Asset Management LLC lifted its stake in shares of XPEL by 5.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 9,645 shares of the company’s stock valued at $426,000 after purchasing an additional 472 shares during the period. Quantinno Capital Management LP boosted its position in shares of XPEL by 16.4% during the 1st quarter. Quantinno Capital Management LP now owns 4,712 shares of the company’s stock valued at $209,000 after purchasing an additional 665 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of XPEL by 424.4% during the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $41,000 after purchasing an additional 747 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Down 5.0%

Shares of NASDAQ:XPEL opened at $37.62 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 2.56. XPEL, Inc. has a 52-week low of $36.99 and a 52-week high of $55.91. The business’s 50 day simple moving average is $44.36 and its two-hundred day simple moving average is $45.66. The firm has a market cap of $1.04 billion, a P/E ratio of 18.42 and a beta of 1.20.

XPEL (NASDAQ:XPEL) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $137.81 million during the quarter, compared to the consensus estimate of $138.75 million. XPEL had a return on equity of 19.39% and a net margin of 11.17%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. As a group, research analysts forecast that XPEL, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XPEL shares. Freedom Capital raised XPEL from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. B. Riley Financial boosted their price target on XPEL from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings cut XPEL from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, Zacks Research downgraded shares of XPEL from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.00.

XPEL Company Profile

XPEL, Inc. develops and distributes protective films, coatings and related products for vehicles and buildings. Its automotive offerings include paint protection film, window tint and ceramic coatings designed to help protect vehicle surfaces and interiors. The company also serves the architectural market with films for glass and other building surfaces. XPEL supports product installation through a network of dealers and installers, along with training, installation tools and its Design Access Program software, which provides digital patterns for cutting protective films.