Polar Asset Management Partners Inc. Sells 23,033 Shares of Proto Labs, Inc. $PRLB

Polar Asset Management Partners Inc. reduced its holdings in Proto Labs, Inc. (NYSE:PRLB) by 27.6% in the 1st quarter, HoldingsChannel reports. The fund owned 60,369 shares of the industrial products company’s stock after selling 23,033 shares during the period. Polar Asset Management Partners Inc.’s holdings in Proto Labs were worth $3,442,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PRLB. Illinois Municipal Retirement Fund grew its stake in shares of Proto Labs by 2.4% in the first quarter. Illinois Municipal Retirement Fund now owns 12,871 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 300 shares during the last quarter. Horizon Investments LLC raised its position in Proto Labs by 3.4% during the 4th quarter. Horizon Investments LLC now owns 11,886 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 395 shares during the last quarter. Diversified Trust Co. raised its position in Proto Labs by 4.7% during the 4th quarter. Diversified Trust Co. now owns 10,495 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 467 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Proto Labs by 1.5% during the 4th quarter. Federated Hermes Inc. now owns 30,748 shares of the industrial products company’s stock worth $1,556,000 after buying an additional 469 shares during the period. Finally, Group One Trading LLC acquired a new position in Proto Labs during the 4th quarter worth about $25,000. Institutional investors own 84.54% of the company’s stock.

Proto Labs Stock Down 0.1%

PRLB stock opened at $78.19 on Monday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 73.77 and a beta of 1.38. Proto Labs, Inc. has a 12-month low of $38.48 and a 12-month high of $83.15. The company’s fifty day simple moving average is $76.61 and its 200 day simple moving average is $66.06.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Proto Labs had a net margin of 4.71% and a return on equity of 4.15%. The business had revenue of $139.34 million for the quarter, compared to analysts’ expectations of $135.31 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Research analysts expect that Proto Labs, Inc. will post 1.37 earnings per share for the current year.

Insider Buying and Selling

In other Proto Labs news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the transaction, the director directly owned 32,505 shares in the company, valued at approximately $2,511,986.40. This represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael R. Kenison sold 16,030 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total value of $1,113,924.70. Following the transaction, the insider owned 18,683 shares in the company, valued at $1,298,281.67. The trade was a 46.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 25,663 shares of company stock valued at $1,804,727. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research lowered Proto Labs from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Benchmark raised their price objective on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings upgraded Proto Labs from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.33.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.