XPEL, Inc. $XPEL Shares Sold by SCS Capital Management LLC

SCS Capital Management LLC lowered its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 29.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,241,540 shares of the company’s stock after selling 510,000 shares during the period. XPEL makes up about 0.5% of SCS Capital Management LLC’s investment portfolio, making the stock its 29th largest position. SCS Capital Management LLC owned approximately 4.49% of XPEL worth $44,571,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board grew its stake in XPEL by 27.4% during the 1st quarter. Public Sector Pension Investment Board now owns 71,920 shares of the company’s stock valued at $2,113,000 after purchasing an additional 15,458 shares in the last quarter. Nuveen LLC purchased a new position in shares of XPEL during the 1st quarter valued at approximately $2,714,000. Intech Investment Management LLC grew its position in shares of XPEL by 102.8% during the first quarter. Intech Investment Management LLC now owns 76,624 shares of the company’s stock worth $2,251,000 after buying an additional 38,832 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of XPEL in the second quarter worth $506,000. Finally, XTX Topco Ltd increased its stake in shares of XPEL by 121.2% in the first quarter. XTX Topco Ltd now owns 18,415 shares of the company’s stock worth $541,000 after buying an additional 10,091 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Stock Up 1.5%

XPEL opened at $49.09 on Friday. The company’s 50-day moving average price is $38.16 and its 200 day moving average price is $36.70. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $49.19. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 29.05 and a beta of 1.35.

XPEL (NASDAQ:XPEL) last posted its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $125.42 million for the quarter, compared to the consensus estimate of $119.25 million. XPEL had a net margin of 10.12% and a return on equity of 19.20%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Research analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XPEL shares. Wall Street Zen downgraded shares of XPEL from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPEL in a research report on Monday. Finally, Zacks Research upgraded XPEL from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

XPEL Profile

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.