Gs Investments Inc. reduced its holdings in shares of Proto Labs Inc (NYSE:PRLB) by 12.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 65,550 shares of the industrial products company’s stock after selling 9,655 shares during the period. Proto Labs accounts for approximately 7.4% of Gs Investments Inc.’s investment portfolio, making the stock its largest holding. Gs Investments Inc.’s holdings in Proto Labs were worth $10,603,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in shares of Proto Labs in the third quarter worth approximately $341,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Proto Labs in the third quarter worth approximately $720,000. WINTON GROUP Ltd acquired a new stake in shares of Proto Labs in the third quarter worth approximately $461,000. Meeder Asset Management Inc. boosted its position in shares of Proto Labs by 46.2% in the third quarter. Meeder Asset Management Inc. now owns 2,536 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 801 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Proto Labs by 3.3% in the third quarter. Victory Capital Management Inc. now owns 221,260 shares of the industrial products company’s stock worth $35,788,000 after acquiring an additional 6,974 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Separately, Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Thursday, November 1st.

PRLB opened at $124.90 on Friday. Proto Labs Inc has a 1 year low of $82.93 and a 1 year high of $166.60. The company has a market capitalization of $3.46 billion, a P/E ratio of 49.01, a P/E/G ratio of 2.18 and a beta of 1.46.

Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.21. Proto Labs had a net margin of 16.76% and a return on equity of 14.31%. The business had revenue of $115.43 million for the quarter, compared to analysts’ expectations of $112.53 million. Analysts anticipate that Proto Labs Inc will post 2.79 EPS for the current fiscal year.

In other Proto Labs news, VP Robert Bodor sold 3,000 shares of Proto Labs stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the vice president now directly owns 22,755 shares of the company’s stock, valued at $3,299,475. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John B. Goodman sold 1,113 shares of Proto Labs stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $162.95, for a total transaction of $181,363.35. Following the transaction, the director now directly owns 12,655 shares in the company, valued at $2,062,132.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,934 shares of company stock worth $3,663,441. 0.64% of the stock is currently owned by corporate insiders.

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About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled 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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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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