Prudential Financial Inc. cut its stake in XPEL, Inc. (NASDAQ:XPEL) by 29.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,972 shares of the company’s stock after selling 4,584 shares during the quarter. Prudential Financial Inc.’s holdings in XPEL were worth $920,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi bought a new position in XPEL during the second quarter worth about $86,000. Charles Schwab Investment Management Inc. increased its position in XPEL by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 117,144 shares of the company’s stock worth $9,825,000 after acquiring an additional 3,969 shares during the period. Deutsche Bank AG increased its position in XPEL by 19.2% during the second quarter. Deutsche Bank AG now owns 48,996 shares of the company’s stock worth $4,110,000 after acquiring an additional 7,881 shares during the period. Marshall Wace LLP increased its position in XPEL by 78.5% during the second quarter. Marshall Wace LLP now owns 28,505 shares of the company’s stock worth $2,391,000 after acquiring an additional 12,533 shares during the period. Finally, JPMorgan Chase & Co. increased its position in XPEL by 14.0% during the second quarter. JPMorgan Chase & Co. now owns 59,275 shares of the company’s stock worth $4,971,000 after acquiring an additional 7,302 shares during the period. 34.13% of the stock is currently owned by institutional investors.
In other XPEL news, Director John Constantine sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $77.54, for a total value of $387,700.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard K. Crumly sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $72.78, for a total transaction of $1,091,700.00. The disclosure for this sale can be found here. Insiders have sold 428,000 shares of company stock worth $33,231,290 over the last quarter. Corporate insiders own 35.60% of the company’s stock.
XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Tuesday, November 9th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. XPEL had a net margin of 13.23% and a return on equity of 48.84%. During the same quarter in the prior year, the business earned $0.24 EPS. On average, research analysts forecast that XPEL, Inc. will post 1.26 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of XPEL from a “buy” rating to a “hold” rating in a research report on Tuesday, November 16th.
XPEL Company Profile
XPEL, Inc engages in the manufacture and distribution of automotive products. It offers paint protection, aumototive, and flat glass window films, and plotters. The company was founded on October 14, 2003 and is headquartered in San Antonio, TX.
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