Proto Labs Inc (NYSE:PRLB) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in Proto Labs Inc (NYSE:PRLB) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,684 shares of the industrial products company’s stock after acquiring an additional 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Proto Labs were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRLB. Nisa Investment Advisors LLC grew its position in Proto Labs by 18.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 950 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 150 shares during the period. Creative Planning grew its position in Proto Labs by 8.0% during the 1st quarter. Creative Planning now owns 2,145 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 159 shares during the period. Chatham Capital Group Inc. grew its position in Proto Labs by 0.9% during the 1st quarter. Chatham Capital Group Inc. now owns 18,182 shares of the industrial products company’s stock worth $1,912,000 after purchasing an additional 163 shares during the period. Tower View Investment Management & Research LLC grew its position in Proto Labs by 2.7% during the 1st quarter. Tower View Investment Management & Research LLC now owns 8,530 shares of the industrial products company’s stock worth $897,000 after purchasing an additional 225 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Proto Labs by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,895 shares of the industrial products company’s stock worth $5,772,000 after acquiring an additional 258 shares in the last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PRLB traded up $1.96 during trading on Tuesday, reaching $98.10. The company’s stock had a trading volume of 837 shares, compared to its average volume of 234,705. The company has a current ratio of 4.26, a quick ratio of 4.08 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.57. Proto Labs Inc has a twelve month low of $94.20 and a twelve month high of $166.60. The business’s fifty day moving average is $107.07.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $116.49 million. Proto Labs had a net margin of 15.71% and a return on equity of 13.14%. Proto Labs’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. On average, equities analysts predict that Proto Labs Inc will post 2.5 earnings per share for the current fiscal year.

PRLB has been the topic of a number of research reports. ValuEngine lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, August 1st. Finally, Piper Jaffray Companies decreased their price target on shares of Proto Labs from $92.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $126.25.

Proto Labs Profile

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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