Bank of Montreal Can Has $3.02 Million Stake in Proto Labs Inc (PRLB)
Bank of Montreal Can decreased its position in Proto Labs Inc (NYSE:PRLB) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,269 shares of the industrial products company’s stock after selling 987 shares during the quarter. Bank of Montreal Can’s holdings in Proto Labs were worth $3,015,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in shares of Proto Labs by 7.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the industrial products company’s stock worth $1,102,000 after purchasing an additional 700 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Proto Labs by 12.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 93,399 shares of the industrial products company’s stock worth $7,500,000 after purchasing an additional 10,499 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Proto Labs by 131.2% in the 3rd quarter. California Public Employees Retirement System now owns 8,785 shares of the industrial products company’s stock worth $705,000 after purchasing an additional 4,985 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Proto Labs in the 3rd quarter worth about $238,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Proto Labs by 2.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 55,935 shares of the industrial products company’s stock worth $4,491,000 after purchasing an additional 1,436 shares during the last quarter.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Tuesday, January 23rd. Craig Hallum set a $92.00 price objective on shares of Proto Labs and gave the stock a “hold” rating in a report on Monday, November 27th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $84.00 price objective on shares of Proto Labs in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.50.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The firm had revenue of $94.18 million for the quarter, compared to analyst estimates of $92.20 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 30.2% on a year-over-year basis. equities analysts anticipate that Proto Labs Inc will post 1.89 earnings per share for the current year.
In other news, Director Rainer Gawlick sold 500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $102.75, for a total value of $51,375.00. Following the transaction, the director now owns 10,925 shares of the company’s stock, valued at approximately $1,122,543.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Bodor sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $94.79, for a total transaction of $379,160.00. Following the completion of the transaction, the vice president now directly owns 20,578 shares in the company, valued at approximately $1,950,588.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,556 shares of company stock worth $1,814,101. Insiders own 7.78% of the company’s stock.
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Proto Labs Profile
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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