Nationwide Fund Advisors increased its position in shares of Proto Labs Inc (NYSE:PRLB) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,736 shares of the industrial products company’s stock after buying an additional 5,131 shares during the period. Nationwide Fund Advisors owned about 0.77% of Proto Labs worth $10,462,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Trent Capital Management Inc. NC acquired a new position in shares of Proto Labs during the fourth quarter worth about $119,000. State of Alaska Department of Revenue increased its position in Proto Labs by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,690 shares of the industrial products company’s stock worth $137,000 after buying an additional 60 shares during the period. Advisor Group Inc. increased its position in Proto Labs by 3.8% in the third quarter. Advisor Group Inc. now owns 3,075 shares of the industrial products company’s stock worth $184,000 after buying an additional 112 shares during the period. Aperio Group LLC purchased a new position in Proto Labs during the third quarter worth $213,000. Finally, Bell State Bank & Trust increased its stake in Proto Labs by 3.8% in the third quarter. Bell State Bank & Trust now owns 4,209 shares of the industrial products company’s stock valued at $252,000 after buying an additional 155 shares during the last quarter.

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

Shares of Proto Labs Inc (NYSE:PRLB) remained flat at $63.05 during trading on Friday. The company’s stock had a trading volume of 14,898 shares. Proto Labs Inc has a 1-year low of $43.10 and a 1-year high of $68.20. The firm has a market capitalization of $1.67 billion, a PE ratio of 37.75 and a beta of 0.71. The stock’s 50-day moving average price is $55.51 and its 200 day moving average price is $53.15.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.11. Proto Labs had a net margin of 14.33% and a return on equity of 11.79%. The firm had revenue of $80.20 million during the quarter, compared to analysts’ expectations of $75.05 million. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities research analysts predict that Proto Labs Inc will post $2.04 EPS for the current year.

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Several analysts recently weighed in on the company. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, May 3rd. TheStreet raised Proto Labs from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Finally, Dougherty & Co upped their price objective on Proto Labs from $42.50 to $45.00 and gave the company a “sell” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $58.67.

In related news, Director John B. Tumelty sold 11,896 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $61.72, for a total value of $734,221.12. Following the completion of the sale, the director now owns 4,299 shares in the company, valued at $265,334.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.48% of the stock is owned by company insiders.

Proto Labs Company Profile

Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.

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