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

King Luther Capital Management Corp purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 137,884 shares of the company’s stock, valued at approximately $6,090,000. King Luther Capital Management Corp owned approximately 0.50% of XPEL at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XPEL. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of XPEL by 11.5% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,537 shares of the company’s stock worth $112,000 after purchasing an additional 262 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in 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 buying an additional 421 shares during the last quarter. Lakewood Asset Management LLC raised its holdings in 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 buying an additional 472 shares during the last quarter. Quantinno Capital Management LP raised its holdings in XPEL by 16.4% in the 1st quarter. Quantinno Capital Management LP now owns 4,712 shares of the company’s stock valued at $209,000 after buying an additional 665 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in XPEL by 424.4% during the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $41,000 after buying an additional 747 shares during the period. 75.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on XPEL shares. B. Riley Financial boosted their target price on shares of XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings cut shares of XPEL from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Freedom Capital raised shares of XPEL from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Zacks Research lowered shares of XPEL from a “hold” rating to a “strong sell” rating in a report on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, XPEL currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

XPEL Trading Down 5.0%

Shares of XPEL stock opened at $37.62 on Friday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 18.42 and a beta of 1.20. The stock has a 50-day moving average of $44.36 and a 200-day moving average of $45.66. The company has a current ratio of 2.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13. XPEL, Inc. has a 1-year low of $36.99 and a 1-year high of $55.91.

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

About XPEL

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.