US Bancorp DE reduced its holdings in Proto Labs Inc (NYSE:PRLB) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,159 shares of the industrial products company’s stock after selling 2,258 shares during the period. US Bancorp DE owned approximately 0.19% of Proto Labs worth $8,114,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Radnor Capital Management LLC raised its stake in Proto Labs by 12.0% during the third quarter. Radnor Capital Management LLC now owns 3,360 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 360 shares during the period. Aperio Group LLC raised its stake in Proto Labs by 4.8% during the third quarter. Aperio Group LLC now owns 9,831 shares of the industrial products company’s stock worth $1,590,000 after purchasing an additional 454 shares during the period. Xact Kapitalforvaltning AB raised its stake in Proto Labs by 14.9% during the second quarter. Xact Kapitalforvaltning AB now owns 3,858 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 500 shares during the period. Piedmont Investment Advisors LLC raised its stake in Proto Labs by 9.8% during the second quarter. Piedmont Investment Advisors LLC now owns 5,873 shares of the industrial products company’s stock worth $699,000 after purchasing an additional 526 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in Proto Labs by 4.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 15,926 shares of the industrial products company’s stock worth $1,894,000 after purchasing an additional 670 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd.
In other news, VP Robert Bodor sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the vice president now directly owns 22,755 shares of the company’s stock, valued at approximately $3,299,475. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Way sold 3,912 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $145.79, for a total transaction of $570,330.48. Following the completion of the sale, the chief financial officer now directly owns 29,415 shares in the company, valued at $4,288,412.85. The disclosure for this sale can be found here. Insiders sold a total of 23,934 shares of company stock worth $3,663,441 over the last three months. Insiders own 0.64% of the company’s stock.
Proto Labs stock opened at $124.90 on Friday. The company has a market capitalization of $3.46 billion, a PE ratio of 64.72, a P/E/G ratio of 2.18 and a beta of 1.46. Proto Labs Inc has a 1 year low of $82.93 and a 1 year high of $166.60.
Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.21. The business had revenue of $115.43 million for the quarter, compared to the consensus estimate of $112.53 million. Proto Labs had a net margin of 16.76% and a return on equity of 14.31%. As a group, sell-side analysts anticipate that Proto Labs Inc will post 2.79 earnings per share for the current fiscal year.
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Proto Labs Company Profile
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled 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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