XPEL (NASDAQ:XPEL) Shares Down 6.8% - Here's Why

XPEL, Inc. (NASDAQ:XPEL - Get Free Report) traded down 6.8% during trading on Monday . The stock traded as low as $38.96 and last traded at $39.09. 43,945 shares were traded during trading, a decline of 58% from the average session volume of 105,683 shares. The stock had previously closed at $41.93.

XPEL Stock Up 1.2 %

The stock has a market capitalization of $1.19 billion, a P/E ratio of 24.58 and a beta of 1.84. The stock has a 50 day simple moving average of $41.98 and a two-hundred day simple moving average of $42.08.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $112.85 million during the quarter, compared to the consensus estimate of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. XPEL's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. Sell-side analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mike Klonne sold 5,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the director now directly owns 50,008 shares of the company's stock, valued at approximately $2,150,344. This trade represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Pape sold 20,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total transaction of $852,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,105,607 shares of the company's stock, valued at $47,143,082.48. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,544 shares of company stock worth $2,606,789 over the last three months. Insiders own 9.50% of the company's stock.

Institutional Investors Weigh In On XPEL

A number of large investors have recently modified their holdings of XPEL. JPMorgan Chase & Co. boosted its stake in XPEL by 90.0% in the third quarter. JPMorgan Chase & Co. now owns 44,164 shares of the company's stock valued at $1,915,000 after buying an additional 20,918 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of XPEL by 4.7% during the third quarter. Geode Capital Management LLC now owns 571,880 shares of the company's stock valued at $24,807,000 after purchasing an additional 25,526 shares in the last quarter. Franklin Resources Inc. acquired a new stake in XPEL during the 3rd quarter worth approximately $686,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in XPEL by 35.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,631 shares of the company's stock worth $2,022,000 after acquiring an additional 12,256 shares during the last quarter. Finally, Barclays PLC increased its position in XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock valued at $3,411,000 after acquiring an additional 34,830 shares during the period. Institutional investors and hedge funds own 75.08% of the company's stock.

XPEL Company 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.