Rhumbline Advisers increased its stake in Proto Labs, Inc. (NYSE:PRLB) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,924 shares of the industrial products company’s stock after acquiring an additional 1,225 shares during the period. Rhumbline Advisers owned approximately 0.18% of Proto Labs worth $3,848,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. UBS Group AG boosted its holdings in Proto Labs by 128.0% during the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock worth $133,000 after buying an additional 11,895 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Proto Labs by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,323 shares of the industrial products company’s stock worth $156,000 after buying an additional 349 shares in the last quarter. Partnervest Advisory Services LLC bought a new stake in Proto Labs during the second quarter worth approximately $211,000. Pinebridge Investments L.P. boosted its holdings in Proto Labs by 0.9% during the second quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock worth $216,000 after buying an additional 29 shares in the last quarter. Finally, California Public Employees Retirement System bought a new stake in Proto Labs during the first quarter worth approximately $230,000.
In related news, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total value of $135,465.00. Following the completion of the transaction, the director now owns 6,925 shares of the company’s stock, valued at approximately $625,396.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total transaction of $1,248,100.92. The disclosure for this sale can be found here. Company insiders own 7.78% of the company’s stock.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The firm had revenue of $88.10 million during the quarter, compared to analyst estimates of $85.68 million. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue was up 12.7% on a year-over-year basis. research analysts expect that Proto Labs, Inc. will post 1.9 earnings per share for the current year.
A number of analysts recently weighed in on PRLB shares. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Friday, November 3rd. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the stock a “hold” rating in a report on Monday, November 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.00.
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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