Proto Labs, Inc. (PRLB) Position Lifted by Grandeur Peak Global Advisors LLC
Grandeur Peak Global Advisors LLC increased its holdings in Proto Labs, Inc. (NYSE:PRLB) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,375 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the quarter. Grandeur Peak Global Advisors LLC owned approximately 0.16% of Proto Labs worth $2,917,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of Proto Labs by 25.3% in the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock worth $1,110,000 after acquiring an additional 3,337 shares in the last quarter. BlackRock Inc. increased its holdings in Proto Labs by 146,773.4% in the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock valued at $148,453,000 after buying an additional 2,903,177 shares during the last quarter. Royce & Associates LP increased its holdings in Proto Labs by 33.8% in the second quarter. Royce & Associates LP now owns 61,603 shares of the industrial products company’s stock valued at $4,143,000 after buying an additional 15,578 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Proto Labs by 81.9% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 13,995 shares of the industrial products company’s stock valued at $941,000 after buying an additional 6,300 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Proto Labs by 411.4% in the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after buying an additional 1,046,960 shares during the last quarter.
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In other Proto Labs news, VP Robert Bodor sold 3,259 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $72.02, for a total transaction of $234,713.18. Following the completion of the transaction, the vice president now owns 19,837 shares in the company, valued at $1,428,660.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.78% of the stock is owned by company insiders.
Several analysts recently weighed in on PRLB shares. Dougherty & Co raised Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 price objective on shares of Proto Labs in a report on Friday, July 28th. Finally, BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.00.
Shares of Proto Labs, Inc. (PRLB) traded up 0.50% during mid-day trading on Thursday, reaching $80.00. The company had a trading volume of 23,013 shares. The company has a market capitalization of $2.13 billion, a PE ratio of 46.51 and a beta of 0.99. Proto Labs, Inc. has a 52-week low of $43.10 and a 52-week high of $82.50. The company’s 50-day moving average price is $75.22 and its 200-day moving average price is $66.61.
Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $80.49 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Proto Labs, Inc. will post $2.06 earnings per share for the current fiscal year.
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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