Proto Labs, Inc. (PRLB) Stake Raised by Dorsey & Whitney Trust CO LLC
Dorsey & Whitney Trust CO LLC increased its stake in Proto Labs, Inc. (NYSE:PRLB) by 81.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,995 shares of the industrial products company’s stock after buying an additional 6,300 shares during the quarter. Dorsey & Whitney Trust CO LLC owned approximately 0.05% of Proto Labs worth $941,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Proto Labs by 65.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock valued at $101,000 after buying an additional 782 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Proto Labs in the 1st quarter valued at approximately $109,000. UBS Group AG boosted its holdings in shares of Proto Labs by 128.0% in the 1st quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock valued at $133,000 after buying an additional 11,895 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Proto Labs by 27.1% in the 1st quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock valued at $145,000 after buying an additional 603 shares during the last quarter. Finally, Invictus RG acquired a new stake in shares of Proto Labs in the 1st quarter valued at approximately $179,000.
Several equities research analysts have issued reports on PRLB shares. Dougherty & Co raised Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $67.00 price target on shares of Proto Labs in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $59.33.
In other news, VP Robert Bodor sold 3,259 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $72.02, for a total transaction of $234,713.18. Following the transaction, the vice president now owns 19,837 shares of the company’s stock, valued at approximately $1,428,660.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.78% of the stock is owned by corporate insiders.
Shares of Proto Labs, Inc. (NYSE:PRLB) traded down 0.40% during midday trading on Thursday, reaching $74.60. The company’s stock had a trading volume of 13,658 shares. Proto Labs, Inc. has a one year low of $43.10 and a one year high of $75.80. The firm has a 50-day moving average of $72.25 and a 200-day moving average of $62.88. The stock has a market cap of $1.99 billion, a PE ratio of 43.37 and a beta of 0.99.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The firm had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $80.49 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts forecast that Proto Labs, Inc. will post $2.06 EPS for the current year.
Proto Labs Company Profile
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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