Mairs & Power Inc. lessened its holdings in shares of Proto Labs, Inc. (NYSE:PRLB – Get Rating) by 19.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 91,198 shares of the industrial products company's stock after selling 22,213 shares during the quarter. Mairs & Power Inc. owned about 0.33% of Proto Labs worth $4,824,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in PRLB. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Proto Labs by 51.6% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,791,933 shares of the industrial products company's stock valued at $92,016,000 after buying an additional 609,720 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Proto Labs by 63.4% in the first quarter. Federated Hermes Inc. now owns 461,748 shares of the industrial products company's stock valued at $24,426,000 after buying an additional 179,112 shares during the period. Marshall Wace LLP lifted its holdings in shares of Proto Labs by 176.3% in the fourth quarter. Marshall Wace LLP now owns 219,877 shares of the industrial products company's stock valued at $11,291,000 after buying an additional 140,297 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Proto Labs by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,848,640 shares of the industrial products company's stock valued at $150,693,000 after buying an additional 137,885 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Proto Labs by 34.2% in the first quarter. Dimensional Fund Advisors LP now owns 426,194 shares of the industrial products company's stock valued at $22,547,000 after buying an additional 108,638 shares during the period. Institutional investors and hedge funds own 88.86% of the company's stock.
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Analyst Ratings Changes
Several equities research analysts have recently commented on PRLB shares. Craig Hallum reduced their target price on Proto Labs to $42.00 in a report on Monday, August 15th. StockNews.com raised Proto Labs from a "hold" rating to a "buy" rating in a report on Monday, August 8th.
Proto Labs Stock Performance
Shares of NYSE PRLB opened at $40.06 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 45.52 and a beta of 1.33. The business's 50-day simple moving average is $45.04 and its 200-day simple moving average is $47.27. Proto Labs, Inc. has a 52 week low of $37.35 and a 52 week high of $79.27.
Proto Labs (NYSE:PRLB – Get Rating) last issued its quarterly earnings data on Friday, August 5th. The industrial products company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.07. The business had revenue of $126.90 million for the quarter, compared to analyst estimates of $127.28 million. Proto Labs had a return on equity of 2.95% and a net margin of 4.88%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities research analysts forecast that Proto Labs, Inc. will post 0.79 earnings per share for the current year.
Proto Labs Profile
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Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.
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