Scout Investments Inc. lifted its stake in Proto Labs, Inc. (NYSE:PRLB) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 89,852 shares of the industrial products company’s stock after acquiring an additional 3,500 shares during the quarter. Scout Investments Inc. owned 0.34% of Proto Labs worth $13,783,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of PRLB. BNC Wealth Management LLC acquired a new position in shares of Proto Labs in the 3rd quarter worth approximately $25,000. Private Advisor Group LLC acquired a new position in shares of Proto Labs in the 2nd quarter valued at $26,000. Altshuler Shaham Ltd boosted its holdings in shares of Proto Labs by 93.2% in the 3rd quarter. Altshuler Shaham Ltd now owns 199 shares of the industrial products company’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Paces Ferry Wealth Advisors LLC acquired a new position in shares of Proto Labs in the 3rd quarter valued at $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Proto Labs in the 3rd quarter valued at $108,000.
In other Proto Labs news, Director Rainer Gawlick sold 2,000 shares of Proto Labs stock in a transaction on Friday, December 18th. The shares were sold at an average price of $160.00, for a total transaction of $320,000.00. Following the sale, the director now owns 26,259 shares in the company, valued at $4,201,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.92% of the company’s stock.
NYSE:PRLB opened at $168.32 on Thursday. Proto Labs, Inc. has a twelve month low of $63.19 and a twelve month high of $203.88. The company has a 50-day moving average of $156.83 and a 200-day moving average of $138.00. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 77.57 and a beta of 1.85.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.27. The company had revenue of $107.50 million during the quarter, compared to analyst estimates of $104.50 million. Proto Labs had a net margin of 12.99% and a return on equity of 10.02%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, equities analysts forecast that Proto Labs, Inc. will post 1.72 earnings per share for the current year.
Several brokerages have recently issued reports on PRLB. Benchmark upped their target price on shares of Proto Labs from $145.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 21st. BidaskClub upgraded shares of Proto Labs from a “hold” rating to a “buy” rating in a research note on Saturday, January 9th. William Blair reiterated a “market perform” rating on shares of Proto Labs in a research note on Thursday, October 29th. Finally, Zacks Investment Research upgraded shares of Proto Labs from a “sell” rating to a “hold” rating in a research note on Friday, September 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Proto Labs currently has an average rating of “Hold” and a consensus target price of $116.00.
Proto Labs Profile
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 (SL), selective laser sintering (SLS), direct metal laser sintering (DMLS), Multi Jet Fusion (MJF), PolyJet and Carbon DLS processes; and sheet metal fabrication, which consists includes quick-turn and e-commerce-enabled custom sheet metal parts.
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