XPEL (NASDAQ:XPEL) Shares Gap Down After Earnings Miss

Shares of XPEL, Inc. (NASDAQ:XPEL) gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $40.33, but opened at $33.69. XPEL shares last traded at $34.74, with a volume of 82,671 shares traded.

The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a net margin of 11.61% and a return on equity of 24.68%.

Insider Activity

In other news, CEO Ryan Pape sold 13,544 shares of XPEL stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $45.20, for a total value of $612,188.80. Following the transaction, the chief executive officer now directly owns 1,072,063 shares in the company, valued at approximately $48,457,247.60. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On XPEL

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its holdings in XPEL by 4.5% in the third quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock worth $170,548,000 after purchasing an additional 170,265 shares in the last quarter. State Street Corp grew its position in shares of XPEL by 4.0% in the 3rd quarter. State Street Corp now owns 842,141 shares of the company’s stock worth $36,524,000 after buying an additional 32,188 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of XPEL by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock worth $24,807,000 after acquiring an additional 25,526 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its position in XPEL by 4.9% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company’s stock valued at $21,448,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Mawer Investment Management Ltd. lifted its position in XPEL by 13.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company’s stock valued at $15,877,000 after acquiring an additional 48,586 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Price Performance

The company’s fifty day simple moving average is $41.02 and its 200-day simple moving average is $42.40. The firm has a market capitalization of $952.20 million, a PE ratio of 19.68 and a beta of 1.84.

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.