Riverbridge Partners LLC lowered its position in Proto Labs Inc (NYSE:PRLB) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,510,317 shares of the industrial products company’s stock after selling 28,396 shares during the quarter. Proto Labs comprises approximately 2.8% of Riverbridge Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Riverbridge Partners LLC owned 0.06% of Proto Labs worth $153,373,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. D.B. Root & Company LLC grew its stake in Proto Labs by 2.5% in the fourth quarter. D.B. Root & Company LLC now owns 5,151 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 125 shares in the last quarter. Radnor Capital Management LLC grew its stake in Proto Labs by 25.1% in the fourth quarter. Radnor Capital Management LLC now owns 2,940 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 590 shares in the last quarter. Lenox Wealth Advisors LLC bought a new position in Proto Labs in the fourth quarter worth approximately $26,000. Maverick Capital Ltd. bought a new position in Proto Labs in the third quarter worth approximately $901,000. Finally, Disciplined Growth Investors Inc. MN grew its stake in Proto Labs by 1.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 900,179 shares of the industrial products company’s stock worth $91,908,000 after purchasing an additional 16,508 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

NYSE PRLB traded up $0.39 during midday trading on Tuesday, hitting $102.39. 100,100 shares of the company traded hands, compared to its average volume of 112,111. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.19 and a quick ratio of 4.02. The company has a market cap of $2.68 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.64. The company’s 50-day simple moving average is $98.89 and its 200-day simple moving average is $100.85. Proto Labs Inc has a 52 week low of $88.75 and a 52 week high of $130.60.

Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, October 24th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $117.46 million for the quarter, compared to analysts’ expectations of $119.39 million. Proto Labs had a return on equity of 12.28% and a net margin of 14.74%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. On average, research analysts predict that Proto Labs Inc will post 2.29 earnings per share for the current year.

Several analysts have issued reports on PRLB shares. Northcoast Research cut Proto Labs from a “buy” rating to a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research report on Thursday, October 24th. Zacks Investment Research raised Proto Labs from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. ValuEngine cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, William Blair cut Proto Labs from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $100.50.

Proto Labs Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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

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