Posted by admin on Jun 26th, 2022
DNB Asset Management AS lessened its position in Proto Labs, Inc. (NYSE:PRLB – Get Rating) by 57.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 10,989 shares of the industrial products company’s stock after selling 14,797 shares during the period. DNB Asset Management AS’s holdings in Proto Labs were worth $581,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Proto Labs by 51.6% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,791,933 shares of the industrial products company’s stock worth $92,016,000 after acquiring an additional 609,720 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Proto Labs by 32.7% in the 3rd quarter. Morgan Stanley now owns 491,378 shares of the industrial products company’s stock worth $32,726,000 after acquiring an additional 120,996 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Proto Labs by 338.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 425,172 shares of the industrial products company’s stock worth $21,833,000 after acquiring an additional 328,112 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Proto Labs by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 317,556 shares of the industrial products company’s stock worth $16,307,000 after acquiring an additional 2,210 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Proto Labs by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 303,692 shares of the industrial products company’s stock worth $20,227,000 after acquiring an additional 9,504 shares during the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s stock.
Shares of PRLB opened at $48.38 on Friday. Proto Labs, Inc. has a 1-year low of $39.36 and a 1-year high of $98.26. The company has a 50-day moving average of $45.57 and a 200 day moving average of $49.84. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 38.40 and a beta of 1.41.
Proto Labs (NYSE:PRLB – Get Rating) last posted its quarterly earnings results on Friday, May 6th. The industrial products company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Proto Labs had a net margin of 7.01% and a return on equity of 4.19%. The business had revenue of $124.20 million during the quarter, compared to analyst estimates of $122.03 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Proto Labs, Inc. will post 0.63 EPS for the current year.
A number of brokerages recently weighed in on PRLB. Craig Hallum decreased their price objective on shares of Proto Labs from $56.00 to $50.00 in a report on Monday, May 9th. StockNews.com began coverage on shares of Proto Labs in a report on Thursday, March 31st. They set a “hold” rating for the company.
Proto Labs Profile (Get Rating)
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.
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