Turner Investments LLC Takes Position in Proto Labs, Inc. (PRLB)
Turner Investments LLC purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,500 shares of the industrial products company’s stock, valued at approximately $370,000.
Several other institutional investors also recently made changes to their positions in PRLB. Motley Fool Wealth Management LLC increased its position in shares of Proto Labs by 5.1% in the first quarter. Motley Fool Wealth Management LLC now owns 46,245 shares of the industrial products company’s stock worth $2,363,000 after buying an additional 2,257 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Proto Labs during the first quarter worth approximately $314,000. Nationwide Fund Advisors increased its position in shares of Proto Labs by 2.6% in the first quarter. Nationwide Fund Advisors now owns 204,736 shares of the industrial products company’s stock worth $10,462,000 after buying an additional 5,131 shares in the last quarter. BlackRock Inc. increased its position in shares of Proto Labs by 146,773.4% in the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock worth $148,453,000 after buying an additional 2,903,177 shares in the last quarter. Finally, Denver Investment Advisors LLC acquired a new position in shares of Proto Labs during the first quarter worth approximately $340,000.
Shares of Proto Labs, Inc. (NYSE PRLB) opened at 69.55 on Monday. The stock has a market cap of $1.85 billion, a P/E ratio of 40.44 and a beta of 0.93. The company’s 50-day moving average is $71.18 and its 200 day moving average is $60.83. Proto Labs, Inc. has a 1-year low of $43.10 and a 1-year high of $75.55.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The business had revenue of $82.04 million during the quarter, compared to the consensus estimate of $80.49 million. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. Proto Labs’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. Equities research analysts anticipate that Proto Labs, Inc. will post $2.06 EPS for the current year.
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A number of equities analysts have recently commented on the stock. Dougherty & Co raised shares of Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. TheStreet raised shares of Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 target price on shares of Proto Labs in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $60.75.
In related news, VP Robert Bodor sold 3,259 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $72.02, for a total transaction of $234,713.18. Following the completion of the sale, the vice president now directly owns 19,837 shares of the company’s stock, valued at approximately $1,428,660.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.78% of the stock is currently owned by corporate 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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