Louisiana State Employees Retirement System acquired a new position in shares of Proto Labs, Inc. (NYSE:PRLB – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,500 shares of the industrial products company’s stock, valued at approximately $599,000.
Other large investors have also recently made changes to their positions in the company. Group One Trading LLC purchased a new position in Proto Labs in the fourth quarter worth approximately $25,000. NewEdge Advisors LLC increased its position in shares of Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 738 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Proto Labs in the 4th quarter valued at $46,000. Modus Advisors LLC acquired a new stake in shares of Proto Labs in the 4th quarter valued at $57,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Proto Labs during the 3rd quarter worth $64,000. 84.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PRLB has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Proto Labs from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Wall Street Zen raised Proto Labs from a “buy” rating to a “strong-buy” rating in a report on Saturday. Benchmark upped their price objective on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Proto Labs currently has a consensus rating of “Moderate Buy” and an average target price of $65.33.
Proto Labs Stock Down 3.5%
PRLB opened at $74.41 on Wednesday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 70.19 and a beta of 1.38. Proto Labs, Inc. has a 52 week low of $38.48 and a 52 week high of $83.15. The business’s 50 day moving average is $74.33 and its two-hundred day moving average is $63.78.
Proto Labs (NYSE:PRLB – Get Free Report) last announced its earnings results on Friday, May 1st. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Proto Labs had a net margin of 4.71% and a return on equity of 4.15%. The business had revenue of $139.34 million for the quarter, compared to analysts’ expectations of $135.31 million. During the same period in the previous year, the company posted $0.33 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Equities analysts expect that Proto Labs, Inc. will post 1.37 EPS for the current fiscal year.
Insider Buying and Selling at Proto Labs
In related news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the transaction, the director owned 32,505 shares of the company’s stock, valued at $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael R. Kenison sold 16,030 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $69.49, for a total value of $1,113,924.70. Following the completion of the transaction, the insider owned 18,683 shares in the company, valued at $1,298,281.67. This trade represents a 46.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 25,663 shares of company stock worth $1,804,727 over the last three months. 1.30% of the stock is currently owned by insiders.
Proto Labs 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.
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