Dimensional Fund Advisors LP increased its position in Proto Labs, Inc. (NYSE:PRLB) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,697 shares of the industrial products company’s stock after acquiring an additional 39,266 shares during the period. Dimensional Fund Advisors LP owned approximately 1.47% of Proto Labs worth $26,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in Proto Labs by 25.3% in the 2nd 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 during the last quarter. BlackRock Inc. raised its stake in Proto Labs by 146,773.4% in the 1st quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock worth $148,453,000 after acquiring an additional 2,903,177 shares during the last quarter. Vanguard Group Inc. raised its stake in Proto Labs by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock worth $146,339,000 after acquiring an additional 56,724 shares during the last quarter. Royce & Associates LP raised its stake in Proto Labs by 33.8% in the 2nd quarter. Royce & Associates LP now owns 61,603 shares of the industrial products company’s stock worth $4,143,000 after acquiring an additional 15,578 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Proto Labs by 81.9% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 13,995 shares of the industrial products company’s stock worth $941,000 after acquiring an additional 6,300 shares during the last quarter.

Shares of Proto Labs, Inc. (PRLB) opened at $85.10 on Friday. The firm has a market capitalization of $2,267.57, a PE ratio of 48.63, a price-to-earnings-growth ratio of 2.28 and a beta of 1.03. Proto Labs, Inc. has a 12-month low of $44.00 and a 12-month high of $89.95.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $88.10 million for the quarter, compared to the consensus estimate of $85.68 million. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. research analysts predict that Proto Labs, Inc. will post 1.9 EPS for the current year.

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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Friday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $67.00 price target on shares of Proto Labs in a research report on Friday, July 28th. Finally, BidaskClub downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Proto Labs presently has a consensus rating of “Buy” and a consensus target price of $69.33.

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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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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