Laurus Investment Counsel Inc. Buys 10,600 Shares of XPEL, Inc. (NASDAQ:XPEL)

Laurus Investment Counsel Inc. grew its stake in XPEL, Inc. (NASDAQ:XPEL) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,530 shares of the company’s stock after acquiring an additional 10,600 shares during the quarter. XPEL accounts for 1.0% of Laurus Investment Counsel Inc.’s portfolio, making the stock its 25th biggest holding. Laurus Investment Counsel Inc.’s holdings in XPEL were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other news, CEO Ryan Pape sold 20,000 shares of the business’s stock in a transaction on 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 owns 1,105,607 shares of the company’s stock, valued at $47,143,082.48. The trade was a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the completion of the sale, the director now owns 50,008 shares of the company’s stock, valued at approximately $2,150,344. The trade was a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,544 shares of company stock valued at $2,606,789. 9.50% of the stock is owned by insiders.

XPEL Stock Down 1.8 %

Shares of NASDAQ XPEL opened at $41.93 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of 23.96 and a beta of 1.83. XPEL, Inc. has a twelve month low of $30.75 and a twelve month high of $60.49. The company has a 50 day moving average of $42.18 and a 200 day moving average of $41.97.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $112.85 million during the quarter, compared to analysts’ expectations of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. As a group, equities analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

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.