Schroder Investment Management Group decreased its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 35.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,909 shares of the industrial products company’s stock after selling 35,093 shares during the period. Schroder Investment Management Group owned 0.24% of Proto Labs worth $4,960,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC grew its holdings in shares of Proto Labs by 3.7% during the first quarter. Teachers Advisors LLC now owns 44,891 shares of the industrial products company’s stock valued at $2,294,000 after buying an additional 1,607 shares during the last quarter. California Public Employees Retirement System purchased a new stake in shares of Proto Labs during the first quarter valued at approximately $230,000. Aperio Group LLC grew its holdings in shares of Proto Labs by 35.3% during the second quarter. Aperio Group LLC now owns 6,882 shares of the industrial products company’s stock valued at $463,000 after buying an additional 1,795 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Proto Labs by 25.3% during the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock valued at $1,110,000 after buying an additional 3,337 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Proto Labs by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,760 shares of the industrial products company’s stock valued at $387,000 after buying an additional 250 shares during the last quarter.
In related news, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total value of $1,248,100.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total transaction of $135,465.00. Following the completion of the sale, the director now owns 6,925 shares in the company, valued at approximately $625,396.75. The disclosure for this sale can be found here. Company insiders own 7.78% of the company’s stock.
Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The company had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $85.68 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts expect that Proto Labs, Inc. will post 1.9 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Friday, November 3rd. Craig Hallum set a $92.00 price target on shares of Proto Labs and gave the company a “hold” rating in a report on Monday, November 27th. Finally, BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Proto Labs presently has a consensus rating of “Hold” and an average price target of $75.00.
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Proto Labs Company 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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