Stephens Inc. AR lowered its stake in Proto Labs, Inc. (NYSE:PRLB) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,808 shares of the industrial products company’s stock after selling 52 shares during the period. Stephens Inc. AR’s holdings in Proto Labs were worth $592,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in Proto Labs by 65.6% during the first quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 782 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Proto Labs during the first quarter worth $109,000. UBS Group AG grew its holdings in Proto Labs by 128.0% during the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 11,895 shares during the period. SG Americas Securities LLC grew its holdings in Proto Labs by 27.1% during the first quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 603 shares during the period. Finally, BB&T Corp acquired a new position in Proto Labs during the second quarter worth $205,000.

A number of research analysts recently weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $67.00 price objective on shares of Proto Labs in a report on Friday, July 28th. Zacks Investment Research lowered Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Dougherty & Co raised Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $59.33.

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Proto Labs, Inc. (NYSE PRLB) opened at 74.65 on Tuesday. Proto Labs, Inc. has a one year low of $43.10 and a one year high of $75.80. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 43.40 and a beta of 0.99. The company’s 50-day moving average price is $72.47 and its 200-day moving average price is $63.44.

Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The firm had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $80.49 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Proto Labs, Inc. will post $2.06 EPS for the current year.

In related news, VP Robert Bodor sold 741 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $73.84, for a total value of $54,715.44. Following the sale, the vice president now directly owns 17,319 shares in the company, valued at approximately $1,278,834.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.78% of the stock is owned by company insiders.

About Proto Labs

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

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