Jackson Creek Investment Advisors LLC acquired a new position in shares of Proto Labs, Inc. (NYSE:PRLB – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,405 shares of the industrial products company’s stock, valued at approximately $425,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRLB. Royal Bank of Canada increased its holdings in Proto Labs by 51.3% during the 1st quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 2,207 shares in the last quarter. AQR Capital Management LLC increased its holdings in Proto Labs by 3.3% during the 1st quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company’s stock worth $2,238,000 after purchasing an additional 2,040 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Proto Labs by 7,380.0% during the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 738 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Proto Labs by 68.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 8,864 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Proto Labs during the 2nd quarter worth approximately $480,000. 84.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Weiss Ratings raised Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research upgraded Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $53.33.
Proto Labs Stock Up 0.5%
Shares of NYSE PRLB opened at $74.75 on Friday. Proto Labs, Inc. has a twelve month low of $36.15 and a twelve month high of $75.57. The stock’s 50 day moving average price is $64.31 and its 200-day moving average price is $58.34. The company has a market capitalization of $1.78 billion, a PE ratio of 70.52 and a beta of 1.36.
Proto Labs (NYSE:PRLB – Get Free Report) last announced its earnings results on Friday, May 1st. The industrial products company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Proto Labs had a return on equity of 4.15% and a net margin of 4.71%.The firm had revenue of $139.34 million for the quarter, compared to the consensus estimate of $135.31 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. As a group, research analysts expect that Proto Labs, Inc. will post 1.37 EPS for the current fiscal year.
Insider Buying and Selling at Proto Labs
In other news, insider Michael R. Kenison sold 16,030 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total value of $1,113,924.70. Following the transaction, the insider owned 18,683 shares in the company, valued at $1,298,281.67. The trade was a 46.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 23,663 shares of company stock valued at $1,650,167. 1.30% of the stock is owned by insiders.
About Proto Labs
Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.
Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.
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