Amundi Pioneer Asset Management Inc. lifted its holdings in Proto Labs Inc (NYSE:PRLB) by 68.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,820 shares of the industrial products company’s stock after purchasing an additional 24,000 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Proto Labs were worth $6,914,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in PRLB. Matarin Capital Management LLC acquired a new position in Proto Labs during the 1st quarter worth $19,331,000. BlackRock Inc. lifted its position in Proto Labs by 3.3% during the 1st quarter. BlackRock Inc. now owns 3,154,903 shares of the industrial products company’s stock worth $370,859,000 after acquiring an additional 100,938 shares during the last quarter. Brown Capital Management LLC lifted its position in Proto Labs by 2.4% during the 4th quarter. Brown Capital Management LLC now owns 3,896,579 shares of the industrial products company’s stock worth $401,348,000 after acquiring an additional 92,395 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in Proto Labs during the 1st quarter worth $7,229,000. Finally, Pier Capital LLC acquired a new position in Proto Labs during the 1st quarter worth $5,777,000. 95.25% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Robert Bodor sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $390,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Goodman sold 1,113 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $131.50, for a total transaction of $146,359.50. Following the transaction, the director now owns 12,655 shares in the company, valued at approximately $1,664,132.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,110 shares of company stock worth $1,066,254. Insiders own 0.64% of the company’s stock.
Proto Labs stock opened at $119.35 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 61.84, a PEG ratio of 2.41 and a beta of 0.94. Proto Labs Inc has a fifty-two week low of $66.35 and a fifty-two week high of $136.40.
Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. Proto Labs had a net margin of 15.49% and a return on equity of 12.88%. The firm had revenue of $107.70 million during the quarter, compared to analyst estimates of $103.88 million. During the same quarter in the previous year, the business earned $0.51 EPS. The business’s revenue was up 34.3% on a year-over-year basis. equities analysts expect that Proto Labs Inc will post 2.6 earnings per share for the current year.
A number of research analysts have weighed in on PRLB shares. ValuEngine raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $98.33.
About Proto Labs
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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