BlackRock Inc. Makes New Investment in Proto Labs, Inc. $PRLB

BlackRock Inc. purchased a new position in Proto Labs, Inc. (NYSE:PRLB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,896,222 shares of the industrial products company’s stock, valued at approximately $317,581,000. BlackRock Inc. owned about 0.16% of Proto Labs at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRLB. Disciplined Growth Investors Inc. MN boosted its position in shares of Proto Labs by 1.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,722,011 shares of the industrial products company’s stock valued at $108,989,000 after buying an additional 51,293 shares during the last quarter. Rubric Capital Management LP lifted its stake in Proto Labs by 8.6% during the 3rd quarter. Rubric Capital Management LP now owns 1,123,338 shares of the industrial products company’s stock valued at $56,201,000 after acquiring an additional 89,167 shares during the period. American Capital Management Inc. boosted its holdings in shares of Proto Labs by 126.0% during the 4th quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock valued at $31,938,000 after acquiring an additional 352,015 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Proto Labs by 5.4% during the 1st quarter. Renaissance Technologies LLC now owns 520,251 shares of the industrial products company’s stock valued at $29,665,000 after acquiring an additional 26,700 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Proto Labs by 0.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 463,780 shares of the industrial products company’s stock worth $26,445,000 after acquiring an additional 3,162 shares during the period. 84.54% of the stock is owned by institutional investors.

Proto Labs Stock Performance

Shares of Proto Labs stock opened at $78.63 on Thursday. The stock has a market cap of $1.88 billion, a P/E ratio of 62.90 and a beta of 1.40. The stock’s fifty day moving average is $80.47 and its 200 day moving average is $70.82. Proto Labs, Inc. has a one year low of $45.10 and a one year high of $93.00.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.07. The business had revenue of $149.34 million during the quarter, compared to analyst estimates of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.Proto Labs’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Analysts predict that Proto Labs, Inc. will post 1.46 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on PRLB. Weiss Ratings cut shares of Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Zacks Research raised shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Needham & Company LLC upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, August 3rd. Benchmark increased their price target on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, Proto Labs currently has an average rating of “Buy” and an average price target of $89.00.

Insider Transactions at Proto Labs

In other Proto Labs news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the sale, the director directly owned 32,505 shares of the company’s stock, valued at $2,511,986.40. This trade represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.