Bastion Asset Management Inc. Acquires Shares of 28,270 Proto Labs, Inc. $PRLB

Bastion Asset Management Inc. acquired a new stake in Proto Labs, Inc. (NYSE:PRLB) in the first quarter, Holdings Channel.com reports. The firm acquired 28,270 shares of the industrial products company’s stock, valued at approximately $1,605,000.

Several other large investors have also made changes to their positions in the business. Rubric Capital Management LP lifted its position in shares of Proto Labs by 791.9% during the 2nd quarter. Rubric Capital Management LP now owns 1,034,171 shares of the industrial products company’s stock valued at $41,408,000 after buying an additional 918,219 shares in the last quarter. American Capital Management Inc. lifted its holdings in Proto Labs by 126.0% during the fourth quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock valued at $31,938,000 after purchasing an additional 352,015 shares in the last quarter. Auto Owners Insurance Co grew its position in shares of Proto Labs by 4,959.0% in the fourth quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company’s stock valued at $11,517,000 after purchasing an additional 223,155 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Proto Labs in the third quarter valued at about $6,425,000. Finally, Lazard Asset Management LLC increased its stake in shares of Proto Labs by 952.6% during the third quarter. Lazard Asset Management LLC now owns 90,587 shares of the industrial products company’s stock worth $4,532,000 after purchasing an additional 81,981 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Stock Up 0.3%

PRLB opened at $77.37 on Friday. Proto Labs, Inc. has a 52 week low of $38.48 and a 52 week high of $83.15. The business has a fifty day simple moving average of $75.70 and a 200-day simple moving average of $64.92. The firm has a market cap of $1.84 billion, a P/E ratio of 72.99 and a beta of 1.38.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Proto Labs had a return on equity of 4.15% and a net margin of 4.71%.The firm had revenue of $139.34 million for the quarter, compared to the consensus estimate of $135.31 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Sell-side analysts expect that Proto Labs, Inc. will post 1.37 earnings per share for the current year.

Insider Activity

In other Proto Labs news, insider Michael R. Kenison sold 16,030 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $69.49, for a total transaction of $1,113,924.70. Following the sale, the insider directly owned 18,683 shares in the company, valued at $1,298,281.67. This represents a 46.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sven Wehrwein sold 2,000 shares of Proto Labs stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total value of $154,560.00. Following the completion of the transaction, the director owned 32,505 shares of the company’s stock, valued at approximately $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,663 shares of company stock valued at $1,804,727. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRLB. Benchmark lifted their price target on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings lowered Proto Labs from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Zacks Research cut shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Wall Street Zen raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.33.

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.