Proto Labs Inc (NYSE:PRLB) Stock Holdings Lifted by Strs Ohio

Strs Ohio lifted its position in Proto Labs Inc (NYSE:PRLB) by 505.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,900 shares of the industrial products company’s stock after acquiring an additional 9,100 shares during the period. Strs Ohio’s holdings in Proto Labs were worth $1,225,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Riverbridge Partners LLC increased its position in shares of Proto Labs by 1.2% in the second quarter. Riverbridge Partners LLC now owns 1,524,498 shares of the industrial products company’s stock worth $171,460,000 after acquiring an additional 17,376 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Proto Labs by 90.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,231,502 shares of the industrial products company’s stock worth $93,754,000 after acquiring an additional 585,053 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of Proto Labs by 90.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 1,231,388 shares of the industrial products company’s stock worth $93,746,000 after acquiring an additional 585,053 shares in the last quarter. State Street Corp increased its position in shares of Proto Labs by 10.1% in the first quarter. State Street Corp now owns 850,232 shares of the industrial products company’s stock worth $64,728,000 after acquiring an additional 78,257 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Proto Labs by 1.0% in the first quarter. Conestoga Capital Advisors LLC now owns 570,501 shares of the industrial products company’s stock worth $43,432,000 after acquiring an additional 5,812 shares in the last quarter. 99.20% of the stock is currently owned by institutional investors and hedge funds.

Proto Labs stock opened at $120.12 on Friday. Proto Labs Inc has a one year low of $63.19 and a one year high of $138.20. The company’s fifty day moving average price is $115.41 and its two-hundred day moving average price is $100.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.17 and a quick ratio of 4.27. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 55.35 and a beta of 1.75.

Proto Labs (NYSE:PRLB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.23. Proto Labs had a return on equity of 10.02% and a net margin of 12.99%. The company had revenue of $106.60 million for the quarter, compared to analyst estimates of $100.46 million. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Proto Labs Inc will post 1.69 earnings per share for the current year.

A number of research analysts recently commented on PRLB shares. TheStreet raised shares of Proto Labs from a “c+” rating to a “b-” rating in a research report on Wednesday, May 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research report on Thursday, April 9th. Craig Hallum lowered their price objective on shares of Proto Labs from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Zacks Investment Research downgraded shares of Proto Labs from a “hold” rating to a “sell” rating in a research report on Thursday, July 16th. Finally, ValuEngine downgraded shares of Proto Labs from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $111.00.

About Proto Labs

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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