JPMorgan Chase & Co. Has $51.32 Million Holdings in Proto Labs, Inc. (PRLB)
JPMorgan Chase & Co. lowered its stake in shares of Proto Labs, Inc. (NYSE:PRLB) by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650,796 shares of the industrial products company’s stock after selling 117,880 shares during the period. JPMorgan Chase & Co. owned 2.44% of Proto Labs worth $51,316,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in shares of Proto Labs by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,323 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 349 shares during the last quarter. UBS Group AG lifted its holdings in shares of Proto Labs by 128.0% during the 1st quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 11,895 shares during the last quarter. Hanseatic Management Services Inc. purchased a new stake in shares of Proto Labs during the 3rd quarter valued at $243,000. Partnervest Advisory Services LLC purchased a new stake in shares of Proto Labs during the 2nd quarter valued at $211,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Proto Labs by 0.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 29 shares during the last quarter.
Several analysts have recently commented on PRLB shares. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Friday, November 3rd. BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Craig Hallum set a $92.00 price objective on Proto Labs and gave the company a “hold” rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $75.00.
Shares of Proto Labs, Inc. (NYSE PRLB) traded down $1.80 during mid-day trading on Friday, reaching $95.10. The company had a trading volume of 247,906 shares, compared to its average volume of 125,861. The stock has a market cap of $2,581.98, a price-to-earnings ratio of 55.37, a price-to-earnings-growth ratio of 2.43 and a beta of 1.06. Proto Labs, Inc. has a one year low of $48.00 and a one year high of $98.55.
Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The company had revenue of $88.10 million during the quarter, compared to analyst estimates of $85.68 million. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. equities research analysts forecast that Proto Labs, Inc. will post 1.9 EPS for the current year.
In related news, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total value of $135,465.00. Following the completion of the transaction, the director now owns 6,925 shares in the company, valued at approximately $625,396.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total value of $1,248,100.92. The disclosure for this sale can be found here. Company insiders own 7.78% of the company’s stock.
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Proto Labs Company 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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