The Manufacturers Life Insurance Company Purchases New Position in Proto Labs, Inc. $PRLB

The Manufacturers Life Insurance Company acquired a new position in shares of Proto Labs, Inc. (NYSE:PRLB) during the second quarter, HoldingsChannel.com reports. The fund acquired 9,335 shares of the industrial products company’s stock, valued at approximately $761,000.

Several other institutional investors and hedge funds also recently modified their holdings of PRLB. BlackRock Inc. purchased a new stake in shares of Proto Labs during the 2nd quarter valued at about $317,581,000. Rubric Capital Management LP lifted its position in shares of Proto Labs by 791.9% during 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 purchasing an additional 918,219 shares in the last quarter. American Capital Management Inc. grew its holdings in Proto Labs by 126.0% during the 4th quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock valued at $31,938,000 after purchasing an additional 352,015 shares in the last quarter. S Squared Technology LLC acquired a new position in Proto Labs in the 2nd quarter worth $23,484,661. Finally, Auto Owners Insurance Co lifted its holdings in Proto Labs by 4,959.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PRLB shares. Wall Street Zen lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, August 3rd. Benchmark raised their price objective on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $89.00.

Proto Labs Price Performance

Shares of PRLB opened at $81.88 on Friday. Proto Labs, Inc. has a 12-month low of $45.10 and a 12-month high of $93.00. The business’s fifty day moving average price is $80.35 and its 200 day moving average price is $71.43. The stock has a market capitalization of $1.96 billion, a PE ratio of 65.50 and a beta of 1.42.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The business had revenue of $149.34 million during the quarter, compared to the consensus estimate of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, research analysts anticipate that Proto Labs, Inc. will post 1.46 earnings per share 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.