Motley Fool Asset Management LLC Raises Holdings in Proto Labs Inc (PRLB)

Motley Fool Asset Management LLC raised its position in Proto Labs Inc (NYSE:PRLB) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,292 shares of the industrial products company’s stock after buying an additional 2,520 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Proto Labs were worth $5,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PRLB. Executive Wealth Management LLC bought a new stake in shares of Proto Labs during the 4th quarter valued at $30,000. Parallel Advisors LLC bought a new stake in shares of Proto Labs during the 1st quarter valued at $34,000. Brand Asset Management Group Inc. bought a new stake in shares of Proto Labs during the 1st quarter valued at $45,000. Nikko Asset Management Americas Inc. raised its stake in shares of Proto Labs by 530.8% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 656 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 552 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Proto Labs by 18.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 950 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Shares of PRLB opened at $110.09 on Friday. Proto Labs Inc has a 12 month low of $94.20 and a 12 month high of $166.60. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 1.35 and a beta of 1.60.

Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, April 25th. The industrial products company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. Proto Labs had a return on equity of 13.86% and a net margin of 16.41%. The business had revenue of $113.50 million for the quarter, compared to the consensus estimate of $115.24 million. During the same period last year, the business posted $0.71 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Proto Labs Inc will post 2.47 earnings per share for the current year.

A number of brokerages have weighed in on PRLB. Zacks Investment Research upgraded Proto Labs from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. ValuEngine lowered Proto Labs from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Piper Jaffray Companies decreased their target price on Proto Labs to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Proto Labs presently has a consensus rating of “Hold” and an average price target of $134.00.

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Proto Labs Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven 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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