Posted by admin on Jul 17th, 2022
Strs Ohio purchased a new position in Proto Labs, Inc. (NYSE:PRLB – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the industrial products company’s stock, valued at approximately $634,000.
Other institutional investors have also recently modified their holdings of the company. Antonetti Capital Management LLC grew its stake in shares of Proto Labs by 84.5% in the fourth quarter. Antonetti Capital Management LLC now owns 524 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 240 shares during the last quarter. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Proto Labs in the fourth quarter worth $28,000. Signaturefd LLC grew its stake in shares of Proto Labs by 1,680.6% in the fourth quarter. Signaturefd LLC now owns 552 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 521 shares during the last quarter. Concord Wealth Partners grew its stake in shares of Proto Labs by 129.3% in the fourth quarter. Concord Wealth Partners now owns 633 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 357 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Proto Labs by 227.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,080 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 750 shares during the last quarter. 93.35% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:PRLB opened at $46.89 on Friday. The company has a market cap of $1.29 billion, a P/E ratio of 37.21 and a beta of 1.34. Proto Labs, Inc. has a 1 year low of $39.36 and a 1 year high of $88.93. The stock’s fifty day moving average price is $46.51 and its 200-day moving average price is $49.40.
Proto Labs (NYSE:PRLB – Get Rating) last announced its quarterly earnings results on Friday, May 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $124.20 million for the quarter, compared to the consensus estimate of $122.03 million. Proto Labs had a return on equity of 4.19% and a net margin of 7.01%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that Proto Labs, Inc. will post 0.63 earnings per share for the current year.
A number of equities research analysts have recently commented on the company. StockNews.com assumed coverage on Proto Labs in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Craig Hallum lowered their price target on Proto Labs from $56.00 to $50.00 in a report on Monday, May 9th.
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.
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