Proto Labs, Inc. (NYSE:PRLB) Position Trimmed by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its holdings in Proto Labs, Inc. (NYSE:PRLB) by 3.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,200 shares of the industrial products company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Proto Labs were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Hillsdale Investment Management Inc. raised its holdings in Proto Labs by 17.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 118,094 shares of the industrial products company’s stock worth $4,222,000 after buying an additional 17,720 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of Proto Labs by 89.3% in the 1st quarter. Jupiter Asset Management Ltd. now owns 147,011 shares of the industrial products company’s stock valued at $5,256,000 after acquiring an additional 69,347 shares in the last quarter. Marshall Wace LLP boosted its stake in Proto Labs by 81.6% in the 2nd quarter. Marshall Wace LLP now owns 42,800 shares of the industrial products company’s stock worth $1,322,000 after purchasing an additional 19,232 shares during the period. Acadian Asset Management LLC purchased a new position in Proto Labs during the 1st quarter worth approximately $1,560,000. Finally, Vanguard Group Inc. raised its stake in Proto Labs by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,980,157 shares of the industrial products company’s stock valued at $106,541,000 after purchasing an additional 57,894 shares during the period. Institutional investors own 84.54% of the company’s stock.

Proto Labs Trading Up 12.2 %

NYSE PRLB opened at $39.44 on Thursday. Proto Labs, Inc. has a 1-year low of $25.75 and a 1-year high of $41.87. The firm’s fifty day simple moving average is $29.33 and its 200-day simple moving average is $30.54. The company has a market capitalization of $991.92 million, a PE ratio of 41.96 and a beta of 1.32.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.15. The company had revenue of $125.60 million for the quarter, compared to analyst estimates of $121.38 million. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. As a group, analysts predict that Proto Labs, Inc. will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

PRLB has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 target price on shares of Proto Labs in a research report on Monday. Craig Hallum increased their price objective on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Friday, November 1st. Finally, StockNews.com downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Proto Labs has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Insider Buying and Selling at Proto Labs

In other Proto Labs news, CEO Robert Bodor purchased 3,480 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $28.68 per share, for a total transaction of $99,806.40. Following the purchase, the chief executive officer now directly owns 80,878 shares in the company, valued at $2,319,581.04. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.