Keybank National Association OH cut its stake in Proto Labs, Inc. (NYSE:PRLB) by 30.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,949 shares of the industrial products company’s stock after selling 2,590 shares during the quarter. Keybank National Association OH’s holdings in Proto Labs were worth $478,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Pinebridge Investments L.P. increased its position in Proto Labs by 0.9% during the second quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 29 shares during the period. Advisor Group Inc. increased its position in Proto Labs by 3.6% during the second quarter. Advisor Group Inc. now owns 3,409 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 119 shares during the period. Texas Permanent School Fund increased its position in Proto Labs by 0.7% during the second quarter. Texas Permanent School Fund now owns 17,797 shares of the industrial products company’s stock worth $1,197,000 after acquiring an additional 127 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Proto Labs by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,760 shares of the industrial products company’s stock worth $387,000 after acquiring an additional 250 shares during the period. Finally, Teachers Advisors LLC increased its position in Proto Labs by 0.6% during the second quarter. Teachers Advisors LLC now owns 45,180 shares of the industrial products company’s stock worth $3,038,000 after acquiring an additional 289 shares during the period.
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PRLB has been the topic of a number of recent research reports. BidaskClub lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Friday, November 3rd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.33.
Shares of Proto Labs, Inc. (NYSE:PRLB) opened at $86.35 on Friday. The stock has a market cap of $2,280.00, a PE ratio of 48.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. Proto Labs, Inc. has a one year low of $48.00 and a one year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to the consensus estimate of $85.68 million. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. equities research analysts expect that Proto Labs, Inc. will post 1.9 EPS 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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