Legal & General Group Plc Has $3.16 Million Holdings in Proto Labs, Inc. (PRLB)
Legal & General Group Plc lifted its stake in Proto Labs, Inc. (NYSE:PRLB) by 11.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,003 shares of the industrial products company’s stock after purchasing an additional 4,744 shares during the quarter. Legal & General Group Plc owned 0.18% of Proto Labs worth $3,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of PRLB. Teachers Advisors LLC lifted its position in shares of Proto Labs by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 43,284 shares of the industrial products company’s stock worth $2,223,000 after purchasing an additional 755 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Proto Labs by 8.7% in the first quarter. Great West Life Assurance Co. Can now owns 34,194 shares of the industrial products company’s stock worth $1,746,000 after purchasing an additional 2,738 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Proto Labs by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 345,561 shares of the industrial products company’s stock worth $17,657,000 after purchasing an additional 17,316 shares in the last quarter. Comerica Bank lifted its position in shares of Proto Labs by 4.6% in the first quarter. Comerica Bank now owns 27,133 shares of the industrial products company’s stock worth $1,586,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Proto Labs in the first quarter worth approximately $260,000.
PRLB has been the subject of a number of research analyst reports. Dougherty & Co raised shares of Proto Labs from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 price target on shares of Proto Labs in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $59.33.
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In other news, VP Robert Bodor sold 741 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $73.84, for a total transaction of $54,715.44. Following the sale, the vice president now owns 17,319 shares in the company, valued at approximately $1,278,834.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.78% of the company’s stock.
Proto Labs, Inc. (NYSE PRLB) opened at 74.40 on Friday. Proto Labs, Inc. has a 12-month low of $43.10 and a 12-month high of $75.80. The company has a 50-day moving average price of $72.43 and a 200-day moving average price of $63.17. The firm has a market cap of $1.98 billion, a P/E ratio of 43.26 and a beta of 0.99.
Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The firm had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $80.49 million. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. On average, analysts predict that Proto Labs, Inc. will post $2.06 earnings per share for the current year.
Proto Labs 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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