Daiwa Securities Group Inc. Takes Position in Proto Labs, Inc. (PRLB)

Daiwa Securities Group Inc. acquired a new stake in Proto Labs, Inc. (NYSE:PRLB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,400 shares of the industrial products company’s stock, valued at approximately $915,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its position 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 valued at $148,453,000 after acquiring an additional 2,903,177 shares in the last quarter. Janus Henderson Group PLC grew its position in Proto Labs by 411.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after acquiring an additional 1,046,960 shares in the last quarter. Victory Capital Management Inc. grew its position in Proto Labs by 15,548.3% in the 3rd quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock valued at $29,190,000 after acquiring an additional 361,186 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Proto Labs in the 2nd quarter valued at about $21,351,000. Finally, Bank of New York Mellon Corp grew its position in Proto Labs by 44.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 498,198 shares of the industrial products company’s stock valued at $33,504,000 after acquiring an additional 152,637 shares in the last quarter.

Several research firms have weighed in on PRLB. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Friday, November 3rd. BidaskClub downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $67.00 target price on shares of Proto Labs in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Proto Labs has an average rating of “Buy” and an average target price of $69.33.

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Proto Labs, Inc. (NYSE PRLB) opened at $84.75 on Monday. The firm has a market capitalization of $2,258.23, a PE ratio of 48.43, a price-to-earnings-growth ratio of 2.27 and a beta of 1.03. Proto Labs, Inc. has a 52-week low of $48.00 and a 52-week high of $89.95.

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

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