Disciplined Growth Investors Inc. MN raised its holdings in Proto Labs, Inc. (NYSE:PRLB) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,215 shares of the industrial products company’s stock after buying an additional 215 shares during the period. Disciplined Growth Investors Inc. MN owned about 3.63% of Proto Labs worth $64,911,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Proto Labs by 65.6% in the first quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock valued at $101,000 after buying an additional 782 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Proto Labs in the first quarter valued at $109,000. UBS Group AG raised its stake in Proto Labs by 128.0% in the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock valued at $133,000 after buying an additional 11,895 shares in the last quarter. SG Americas Securities LLC raised its stake in Proto Labs by 27.1% in the first quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock valued at $145,000 after buying an additional 603 shares in the last quarter. Finally, Invictus RG acquired a new stake in Proto Labs in the first quarter valued at $179,000.
Shares of Proto Labs, Inc. (NYSE PRLB) remained flat at $79.75 during trading on Friday. The stock had a trading volume of 55,665 shares. Proto Labs, Inc. has a 52-week low of $43.10 and a 52-week high of $82.50. The firm has a market cap of $2.12 billion, a P/E ratio of 46.37 and a beta of 0.99. The firm has a 50 day moving average of $75.46 and a 200 day moving average of $66.70.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $80.49 million. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Equities research analysts predict that Proto Labs, Inc. will post $2.06 EPS for the current year.
In other news, VP Robert Bodor sold 741 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $73.84, for a total value of $54,715.44. Following the completion of the transaction, the vice president now directly owns 17,319 shares in the company, valued at $1,278,834.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.78% of the company’s stock.
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A number of analysts have weighed in on the company. Piper Jaffray Companies restated a “hold” rating and issued a $67.00 price target on shares of Proto Labs in a research note on Friday, July 28th. BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Dougherty & Co raised Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.00.
About Proto Labs
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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