Sprucegrove Investment Management Ltd. Buys 67,100 Shares of XPEL, Inc. $XPEL

Sprucegrove Investment Management Ltd. lifted its stake in XPEL, Inc. (NASDAQ:XPEL) by 129.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,100 shares of the company’s stock after acquiring an additional 67,100 shares during the period. Sprucegrove Investment Management Ltd. owned 0.43% of XPEL worth $4,276,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in XPEL by 0.6% in the first quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock worth $1,869,000 after purchasing an additional 389 shares in the last quarter. Fiera Capital Corp grew its position in shares of XPEL by 1.6% in the 1st quarter. Fiera Capital Corp now owns 32,500 shares of the company’s stock worth $955,000 after buying an additional 500 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of XPEL by 12.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company’s stock worth $159,000 after acquiring an additional 583 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of XPEL by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,994 shares of the company’s stock worth $441,000 after acquiring an additional 619 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in XPEL by 2.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,025 shares of the company’s stock valued at $1,221,000 after acquiring an additional 688 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Price Performance

Shares of XPEL opened at $35.31 on Thursday. The company’s fifty day moving average price is $34.74 and its 200-day moving average price is $35.08. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $47.23. The firm has a market capitalization of $977.03 million, a PE ratio of 20.06 and a beta of 1.68.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $125.42 million for the quarter, compared to analysts’ expectations of $119.25 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. XPEL has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on XPEL. Wall Street Zen raised XPEL from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c-)” rating on shares of XPEL in a research note on Wednesday, October 8th. Finally, Zacks Research raised XPEL from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, XPEL has an average rating of “Hold”.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.