Bank of Montreal Can Purchases 682 Shares of Proto Labs Inc (PRLB)

Bank of Montreal Can increased its position in shares of Proto Labs Inc (NYSE:PRLB) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,494 shares of the industrial products company’s stock after buying an additional 682 shares during the quarter. Bank of Montreal Can owned 0.09% of Proto Labs worth $4,123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Radnor Capital Management LLC grew its position in Proto Labs by 12.0% during the third quarter. Radnor Capital Management LLC now owns 3,360 shares of the industrial products company’s stock worth $543,000 after buying an additional 360 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Proto Labs by 14.9% during the second quarter. Xact Kapitalforvaltning AB now owns 3,858 shares of the industrial products company’s stock worth $459,000 after buying an additional 500 shares in the last quarter. Piedmont Investment Advisors LLC grew its position in Proto Labs by 9.8% during the second quarter. Piedmont Investment Advisors LLC now owns 5,873 shares of the industrial products company’s stock worth $699,000 after buying an additional 526 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Proto Labs by 4.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 15,926 shares of the industrial products company’s stock worth $1,894,000 after buying an additional 670 shares in the last quarter. Finally, Strs Ohio grew its position in Proto Labs by 5.8% during the second quarter. Strs Ohio now owns 12,800 shares of the industrial products company’s stock worth $1,522,000 after buying an additional 700 shares in the last quarter. 94.10% of the stock is currently owned by institutional investors and hedge funds.

NYSE PRLB opened at $124.11 on Friday. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 64.31, a P/E/G ratio of 2.05 and a beta of 1.20. Proto Labs Inc has a 1-year low of $82.93 and a 1-year high of $166.60.

Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.21. The company had revenue of $115.43 million for the quarter, compared to the consensus estimate of $112.53 million. Proto Labs had a return on equity of 14.31% and a net margin of 16.76%. Equities research analysts predict that Proto Labs Inc will post 2.79 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Proto Labs from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th.

In other Proto Labs news, CFO John Way sold 8,000 shares of Proto Labs stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $159.10, for a total transaction of $1,272,800.00. Following the sale, the chief financial officer now directly owns 30,503 shares of the company’s stock, valued at $4,853,027.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Bodor sold 4,435 shares of Proto Labs stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $150.20, for a total value of $666,137.00. Following the sale, the vice president now directly owns 23,283 shares in the company, valued at $3,497,106.60. The disclosure for this sale can be found here. Insiders have sold 23,934 shares of company stock worth $3,663,441 over the last ninety days. Company insiders own 0.64% of the company’s stock.

Proto Labs 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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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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