Great Lakes Advisors LLC acquired a new position in Proto Labs, Inc. (NYSE:PRLB – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,817 shares of the industrial products company’s stock, valued at approximately $6,698,000.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Proto Labs during the second quarter valued at $317,581,000. Rubric Capital Management LP increased its position in Proto Labs by 791.9% in the second quarter. Rubric Capital Management LP now owns 1,034,171 shares of the industrial products company’s stock worth $41,408,000 after buying an additional 918,219 shares in the last quarter. American Capital Management Inc. increased its position in Proto Labs by 126.0% in the fourth quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock worth $31,938,000 after buying an additional 352,015 shares in the last quarter. Auto Owners Insurance Co raised its stake in shares of Proto Labs by 4,959.0% in the fourth quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company’s stock worth $11,517,000 after buying an additional 223,155 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Proto Labs in the second quarter worth about $11,720,000. 84.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
PRLB has been the topic of a number of analyst reports. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Weiss Ratings cut shares of Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Benchmark lifted their price target on shares of Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Zacks Research raised shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $89.00.
Insider Activity
In other news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total value of $154,560.00. Following the transaction, the director owned 32,505 shares of the company’s stock, valued at approximately $2,511,986.40. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.
Proto Labs Stock Down 3.3%
NYSE PRLB opened at $82.11 on Thursday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 65.69 and a beta of 1.40. The business has a 50-day moving average price of $80.53 and a 200-day moving average price of $69.94. Proto Labs, Inc. has a twelve month low of $45.10 and a twelve month high of $93.00.
Proto Labs (NYSE:PRLB – Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.07. The firm had revenue of $149.34 million during the quarter, compared to analysts’ expectations of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Research analysts expect that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.
Proto Labs Company Profile
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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