Barclays PLC Has $1.25 Million Holdings in Proto Labs, Inc. (NYSE:PRLB)

Barclays PLC boosted its stake in Proto Labs, Inc. (NYSE:PRLB) by 66.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 42,633 shares of the industrial products company’s stock after acquiring an additional 17,017 shares during the quarter. Barclays PLC’s holdings in Proto Labs were worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRLB. Y Intercept Hong Kong Ltd lifted its position in shares of Proto Labs by 22.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 12,946 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 2,356 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Proto Labs by 16.5% in the 3rd quarter. XTX Topco Ltd now owns 12,941 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 1,834 shares in the last quarter. Jane Street Group LLC raised its holdings in Proto Labs by 107.4% during the third quarter. Jane Street Group LLC now owns 97,623 shares of the industrial products company’s stock worth $2,867,000 after acquiring an additional 50,556 shares in the last quarter. Wellington Management Group LLP boosted its position in Proto Labs by 6.5% during the third quarter. Wellington Management Group LLP now owns 387,741 shares of the industrial products company’s stock valued at $11,388,000 after purchasing an additional 23,696 shares during the last quarter. Finally, State Street Corp increased its position in shares of Proto Labs by 1.4% during the 3rd quarter. State Street Corp now owns 965,426 shares of the industrial products company’s stock worth $28,355,000 after purchasing an additional 13,554 shares during the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a report on Monday, November 4th. Craig Hallum lifted their price target on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.33.

Proto Labs Trading Down 1.9 %

Shares of NYSE:PRLB opened at $39.56 on Monday. The stock has a market capitalization of $969.62 million, a PE ratio of 42.09 and a beta of 1.45. The firm has a 50 day moving average of $38.09 and a 200-day moving average of $32.96. Proto Labs, Inc. has a 12 month low of $25.75 and a 12 month high of $45.15.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, November 1st. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.32 by $0.15. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The firm had revenue of $125.60 million during the quarter, compared to the consensus estimate of $121.38 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. On average, research analysts predict that Proto Labs, Inc. will post 0.84 EPS for the current fiscal year.

Proto Labs Company Profile

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.