Capital Investment Services of America Inc. boosted its position in Proto Labs Inc. (NYSE:PRLB) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,257 shares of the company’s stock after buying an additional 1,450 shares during the period. Proto Labs accounts for 2.0% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 25th largest position. Capital Investment Services of America Inc. owned 0.66% of Proto Labs worth $10,440,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Rice Hall James & Associates LLC increased its position in shares of Proto Labs by 77.6% in the second quarter. Rice Hall James & Associates LLC now owns 271,806 shares of the company’s stock worth $15,645,000 after buying an additional 118,787 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Proto Labs by 0.8% in the second quarter. Eagle Asset Management Inc. now owns 349,298 shares of the company’s stock worth $20,105,000 after buying an additional 2,793 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Proto Labs by 88.1% in the second quarter. Brown Advisory Inc. now owns 6,846 shares of the company’s stock worth $394,000 after buying an additional 3,206 shares during the last quarter. BlackRock Group LTD increased its position in shares of Proto Labs by 282.8% in the first quarter. BlackRock Group LTD now owns 26,602 shares of the company’s stock worth $2,051,000 after buying an additional 19,653 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Proto Labs by 184.7% in the first quarter. LPL Financial LLC now owns 31,242 shares of the company’s stock worth $2,421,000 after buying an additional 20,270 shares during the last quarter.

Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

Shares of Proto Labs Inc. (NYSE:PRLB) traded down 0.78% during mid-day trading on Friday, reaching $51.20. The company had a trading volume of 397,324 shares. Proto Labs Inc. has a 12-month low of $43.10 and a 12-month high of $82.06. The stock has a market capitalization of $1.35 billion, a P/E ratio of 29.77 and a beta of 0.64. The firm’s 50 day moving average is $52.44 and its 200-day moving average is $57.46.

Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, October 27th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $29.97 million. Proto Labs had a return on equity of 13.03% and a net margin of 15.14%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. On average, analysts expect that Proto Labs Inc. will post $1.79 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on PRLB. Zacks Investment Research downgraded Proto Labs from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd. Canaccord Genuity downgraded Proto Labs from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Finally, Dougherty & Co lowered Proto Labs from a “buy” rating to a “sell” rating in a report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $70.25.

In related news, insider Arthur R. Baker III purchased 3,000 shares of Proto Labs stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average price of $55.00 per share, with a total value of $165,000.00. Following the completion of the transaction, the insider now directly owns 7,105 shares of the company’s stock, valued at approximately $390,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.48% of the company’s stock.

Proto Labs Company Profile

Proto Labs, Inc is an online and technology-enabled manufacturer of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. It utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers.

5 Day Chart for NYSE:PRLB

Receive News & Stock Ratings for Proto Labs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs Inc. and related stocks with our FREE daily email newsletter.