California Public Employees Retirement System trimmed its holdings in Proto Labs, Inc. (NYSE:PRLB) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,800 shares of the industrial products company’s stock after selling 700 shares during the period. California Public Employees Retirement System’s holdings in Proto Labs were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PRLB. Bank of New York Mellon Corp increased its stake in Proto Labs by 44.2% during the second quarter. Bank of New York Mellon Corp now owns 498,198 shares of the industrial products company’s stock worth $33,504,000 after acquiring an additional 152,637 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Proto Labs during the second quarter worth approximately $9,415,000. First Trust Advisors LP bought a new stake in Proto Labs during the second quarter worth approximately $9,162,000. Schroder Investment Management Group bought a new stake in Proto Labs during the second quarter worth approximately $6,542,000. Finally, Ameriprise Financial Inc. increased its stake in Proto Labs by 52.0% during the second quarter. Ameriprise Financial Inc. now owns 266,062 shares of the industrial products company’s stock worth $17,891,000 after acquiring an additional 91,072 shares during the last quarter.

Proto Labs, Inc. (NYSE:PRLB) traded up $2.35 on Wednesday, hitting $95.40. The stock had a trading volume of 162,500 shares, compared to its average volume of 193,165. The company has a market capitalization of $2,463.41, a PE ratio of 52.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Proto Labs, Inc. has a 1 year low of $48.00 and a 1 year high of $95.50.

Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $85.68 million. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. research analysts expect that Proto Labs, Inc. will post 1.9 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Friday, November 3rd. Craig Hallum set a $92.00 price objective on Proto Labs and gave the stock a “hold” rating in a research note on Monday. Finally, BidaskClub cut Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $75.00.

In other news, VP John B. Tumelty sold 13,556 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total transaction of $1,248,100.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rainer Gawlick sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total value of $135,465.00. Following the transaction, the director now directly owns 6,925 shares in the company, valued at approximately $625,396.75. The disclosure for this sale can be found here. Corporate insiders own 7.78% of the company’s stock.

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About Proto Labs

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.

Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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