Schroder Investment Management Group purchased a new position in Proto Labs, Inc. (NYSE:PRLB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 98,002 shares of the industrial products company’s stock, valued at approximately $6,542,000. Schroder Investment Management Group owned approximately 0.37% of Proto Labs as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in PRLB. Motley Fool Wealth Management LLC lifted its holdings in shares of Proto Labs by 5.1% during the first quarter. Motley Fool Wealth Management LLC now owns 46,245 shares of the industrial products company’s stock valued at $2,363,000 after purchasing an additional 2,257 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Proto Labs during the first quarter valued at $314,000. BlackRock Inc. lifted its holdings in shares of Proto Labs by 146,773.4% during the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock valued at $148,453,000 after purchasing an additional 2,903,177 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Proto Labs by 33.8% during the second quarter. Royce & Associates LP now owns 61,603 shares of the industrial products company’s stock valued at $4,143,000 after purchasing an additional 15,578 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Proto Labs by 1.6% during the first quarter. Arizona State Retirement System now owns 12,700 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 200 shares during the last quarter.
Several equities research analysts recently issued reports on PRLB shares. Dougherty & Co raised Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded Proto Labs from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $67.00 target price on shares of Proto Labs in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $59.33.
In related news, VP Robert Bodor sold 741 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $73.84, for a total transaction of $54,715.44. Following the sale, the vice president now owns 17,319 shares in the company, valued at $1,278,834.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.78% of the company’s stock.
Proto Labs, Inc. (PRLB) opened at 74.65 on Tuesday. The firm has a 50-day moving average price of $72.47 and a 200 day moving average price of $63.44. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 43.40 and a beta of 0.99. Proto Labs, Inc. has a 12 month low of $43.10 and a 12 month high of $75.80.
Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The business had revenue of $82.04 million for the quarter, compared to analyst estimates of $80.49 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. Proto Labs’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Proto Labs, Inc. will post $2.06 EPS for the current year.
Proto Labs Profile
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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