Bank of New York Mellon Corp Lowers Stake in XPEL, Inc. (NASDAQ:XPEL)

Bank of New York Mellon Corp lessened its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,950 shares of the company's stock after selling 10,156 shares during the quarter. Bank of New York Mellon Corp owned about 0.55% of XPEL worth $6,029,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XPEL. Quantbot Technologies LP acquired a new stake in XPEL in the 3rd quarter valued at about $64,000. National Bank of Canada FI acquired a new stake in shares of XPEL in the 3rd quarter worth $71,000. FMR LLC raised its holdings in shares of XPEL by 247.7% during the 3rd quarter. FMR LLC now owns 2,799 shares of the company's stock worth $121,000 after acquiring an additional 1,994 shares during the period. MML Investors Services LLC acquired a new position in shares of XPEL during the 3rd quarter valued at about $205,000. Finally, XTX Topco Ltd purchased a new stake in shares of XPEL in the third quarter valued at about $294,000. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Trading Up 1.5 %

XPEL stock traded up $0.48 during trading on Thursday, reaching $32.28. 104,535 shares of the stock were exchanged, compared to its average volume of 197,304. The business has a 50 day moving average price of $38.38 and a 200-day moving average price of $41.08. XPEL, Inc. has a 1 year low of $29.00 and a 1 year high of $60.49. The firm has a market capitalization of $892.52 million, a price-to-earnings ratio of 18.41 and a beta of 1.82.

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XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a return on equity of 24.68% and a net margin of 11.61%. The business had revenue of $107.53 million during the quarter, compared to analysts' expectations of $106.98 million. On average, research analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current year.

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.