Wasatch Advisors Inc. trimmed its position in Proto Labs (NYSE:PRLB) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,684 shares of the industrial products company’s stock after selling 3,325 shares during the quarter. Wasatch Advisors Inc. owned about 0.10% of Proto Labs worth $3,019,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Proto Labs by 73.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 544 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Proto Labs by 52.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after acquiring an additional 471 shares in the last quarter. Shelton Capital Management purchased a new position in Proto Labs during the fourth quarter valued at approximately $225,000. LS Investment Advisors LLC raised its position in Proto Labs by 143.8% during the fourth quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 1,362 shares in the last quarter. Finally, Hengehold Capital Management LLC purchased a new position in Proto Labs during the fourth quarter valued at approximately $254,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Shares of PRLB stock opened at $118.00 on Friday. The company has a market cap of $3,178.33, a P/E ratio of 55.40, a P/E/G ratio of 2.35 and a beta of 0.96. Proto Labs has a twelve month low of $59.90 and a twelve month high of $128.22.
Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $103.88 million. Proto Labs had a return on equity of 12.88% and a net margin of 15.49%. Proto Labs’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. equities analysts predict that Proto Labs will post 2.6 EPS for the current year.
In other Proto Labs news, Director John B. Goodman sold 1,114 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $122.71, for a total value of $136,698.94. Following the sale, the director now directly owns 11,091 shares of the company’s stock, valued at $1,360,976.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert Bodor sold 1,891 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $106.00, for a total value of $200,446.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,720 shares of company stock worth $627,080. 0.64% of the stock is owned by corporate insiders.
PRLB has been the subject of several recent research reports. ValuEngine upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $98.33.
Proto Labs Company Profile
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.
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