Migdal Insurance & Financial Holdings Ltd. cut its position in Proto Labs Inc (NYSE:PRLB) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,457 shares of the industrial products company’s stock after selling 105 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Proto Labs were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. D.B. Root & Company LLC purchased a new stake in shares of Proto Labs in the 1st quarter valued at $350,000. Hardy Reed LLC acquired a new position in Proto Labs during the 4th quarter worth $258,000. Vanguard Group Inc. grew its stake in Proto Labs by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,625,466 shares of the industrial products company’s stock worth $424,668,000 after purchasing an additional 100,343 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Proto Labs by 4.7% during the 4th quarter. Handelsbanken Fonder AB now owns 419,126 shares of the industrial products company’s stock worth $47,273,000 after purchasing an additional 18,890 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Proto Labs during the 4th quarter worth $226,000. Hedge funds and other institutional investors own 91.18% of the company’s stock.
Shares of NYSE:PRLB traded down $0.41 on Wednesday, hitting $100.40. 170,200 shares of the company’s stock were exchanged, compared to its average volume of 177,141. The stock has a market cap of $2.72 billion, a P/E ratio of 35.73, a P/E/G ratio of 1.28 and a beta of 1.60. Proto Labs Inc has a 1-year low of $94.20 and a 1-year high of $166.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.67 and a current ratio of 4.89.
Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, April 25th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $113.50 million during the quarter, compared to analysts’ expectations of $115.24 million. Proto Labs had a return on equity of 13.86% and a net margin of 16.41%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities research analysts predict that Proto Labs Inc will post 2.47 EPS for the current year.
Several research analysts recently commented on PRLB shares. Zacks Investment Research cut Proto Labs from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine cut Proto Labs from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Piper Jaffray Companies lowered their target price on Proto Labs to $98.00 and set a “neutral” rating for the company in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Proto Labs presently has a consensus rating of “Hold” and an average price target of $134.00.
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About Proto Labs
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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