Pinebridge Investments L.P. Boosts Holdings in Proto Labs, Inc. (PRLB)
Pinebridge Investments L.P. raised its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,212 shares of the industrial products company’s stock after acquiring an additional 29 shares during the quarter. Pinebridge Investments L.P.’s holdings in Proto Labs were worth $216,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Proto Labs by 65.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 782 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Proto Labs during the 1st quarter valued at approximately $109,000. UBS Group AG boosted its position in 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 acquiring an additional 11,895 shares in the last quarter. SG Americas Securities LLC boosted its position in Proto Labs by 27.1% during the 1st quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 603 shares in the last quarter. Finally, BB&T Corp purchased a new position in shares of Proto Labs during the second quarter valued at approximately $205,000.
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Several equities analysts have recently issued reports on PRLB shares. Dougherty & Co upgraded shares of Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $67.00 target price on shares of Proto Labs in a report on Friday, July 28th.
In other news, VP Robert Bodor sold 741 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $73.84, for a total transaction of $54,715.44. Following the transaction, the vice president now directly owns 17,319 shares in the company, valued at $1,278,834.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.78% of the stock is currently owned by company insiders.
Proto Labs, Inc. (PRLB) opened at 80.65 on Thursday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 46.89 and a beta of 0.99. Proto Labs, Inc. has a 12-month low of $43.10 and a 12-month high of $82.50. The stock’s 50 day moving average is $73.86 and its 200 day moving average is $65.54.
Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The firm had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.49 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Proto Labs, Inc. will post $2.06 earnings per share for the current fiscal year.
About Proto Labs
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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