Posted by admin on Jul 12th, 2022
Virginia Retirement Systems ET AL purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB – Get Rating) during the 1st quarter, Holdings Channel.com reports. The firm purchased 3,800 shares of the industrial products company’s stock, valued at approximately $201,000.
A number of other large investors also recently made changes to their positions in the stock. Antonetti Capital Management LLC increased its stake in Proto Labs by 84.5% in the fourth quarter. Antonetti Capital Management LLC now owns 524 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 240 shares during the period. Concord Wealth Partners increased its stake in Proto Labs by 129.3% in the fourth quarter. Concord Wealth Partners now owns 633 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 357 shares during the period. Signaturefd LLC increased its stake in Proto Labs by 1,680.6% in the fourth quarter. Signaturefd LLC now owns 552 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 521 shares during the period. CarsonAllaria Wealth Management Ltd. acquired a new position in Proto Labs in the fourth quarter valued at $28,000. Finally, Nisa Investment Advisors LLC increased its stake in Proto Labs by 227.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,080 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 93.35% of the company’s stock.
Shares of Proto Labs stock opened at $46.08 on Tuesday. Proto Labs, Inc. has a 52-week low of $39.36 and a 52-week high of $92.80. The company’s 50-day simple moving average is $46.40 and its 200-day simple moving average is $49.56. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 36.57 and a beta of 1.34.
Proto Labs (NYSE:PRLB – Get Rating) last issued its quarterly earnings results on Friday, May 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $122.03 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Proto Labs, Inc. will post 0.63 EPS for the current fiscal year.
A number of research analysts have commented on the stock. Craig Hallum dropped their price objective on shares of Proto Labs from $56.00 to $50.00 in a research note on Monday, May 9th. StockNews.com assumed coverage on shares of Proto Labs in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
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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