SG Americas Securities LLC bought a new stake in shares of Proto Labs Inc (NYSE:PRLB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,587 shares of the industrial products company’s stock, valued at approximately $2,548,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new stake in Proto Labs in the third quarter worth approximately $109,000. Parkside Financial Bank & Trust boosted its holdings in Proto Labs by 7.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,157 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 85 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Proto Labs in the third quarter worth approximately $161,000. Quantamental Technologies LLC purchased a new stake in Proto Labs in the fourth quarter worth approximately $226,000. Finally, Cue Financial Group Inc. purchased a new stake in Proto Labs in the third quarter worth approximately $227,000. 97.68% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on PRLB. Zacks Investment Research cut shares of Proto Labs from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Berenberg Bank began coverage on shares of Proto Labs in a report on Wednesday, November 14th. They issued a “buy” rating and a $159.00 target price on the stock. Northcoast Research began coverage on shares of Proto Labs in a report on Wednesday, December 12th. They issued a “buy” rating and a $145.00 target price on the stock. ValuEngine cut shares of Proto Labs from a “buy” rating to a “hold” rating in a report on Friday. Finally, Piper Jaffray Companies dropped their target price on shares of Proto Labs to $98.00 and set a “neutral” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $134.00.

Shares of PRLB stock opened at $103.49 on Monday. The firm has a market cap of $2.80 billion, a PE ratio of 36.83, a PEG ratio of 1.08 and a beta of 1.63. Proto Labs Inc has a one year low of $94.20 and a one year high of $166.60.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Thursday, February 7th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.06). The company had revenue of $112.80 million during the quarter, compared to the consensus estimate of $115.40 million. Proto Labs had a net margin of 17.19% and a return on equity of 14.73%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, analysts anticipate that Proto Labs Inc will post 3 earnings per share for the current fiscal year.

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Proto Labs Profile

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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