Teachers Retirement System of The State of Kentucky Has $585,000 Holdings in Proto Labs, Inc. (PRLB)
Teachers Retirement System of The State of Kentucky held its position in shares of Proto Labs, Inc. (NYSE:PRLB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,700 shares of the industrial products company’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Proto Labs were worth $585,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Proto Labs by 65.6% in the first quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 782 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Proto Labs in the first quarter valued at $109,000. UBS Group AG boosted its stake in shares of Proto Labs by 128.0% in the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 11,895 shares during the period. SG Americas Securities LLC boosted its stake in shares of Proto Labs by 27.1% in the first quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 603 shares during the period. Finally, Invictus RG purchased a new position in shares of Proto Labs in the first quarter valued at $179,000.
PRLB has been the subject of several analyst reports. BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Piper Jaffray Companies restated a “hold” rating and issued a $67.00 target price on shares of Proto Labs in a research note on Friday, July 28th. Finally, Dougherty & Co upgraded shares of Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Proto Labs currently has a consensus rating of “Hold” and a consensus price target of $56.00.
Proto Labs, Inc. (NYSE PRLB) opened at 80.70 on Wednesday. The stock has a 50 day moving average of $75.91 and a 200 day moving average of $67.16. The stock has a market capitalization of $2.15 billion, a P/E ratio of 46.92 and a beta of 0.99. Proto Labs, Inc. has a 52 week low of $43.10 and a 52 week high of $82.50.
Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The company had revenue of $82.04 million for the quarter, compared to analyst estimates of $80.49 million. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Proto Labs, Inc. will post $2.06 earnings per share for the current fiscal year.
In related news, VP Robert Bodor sold 741 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $73.84, for a total transaction of $54,715.44. Following the transaction, the vice president now owns 17,319 shares of the company’s stock, valued at $1,278,834.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.78% of the company’s stock.
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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