Fmr LLC Has $866,000 Stock Holdings in Proto Labs, Inc. (NYSE:PRLB)

Fmr LLC lifted its stake in Proto Labs, Inc. (NYSE:PRLB) by 23.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,474 shares of the industrial products company’s stock after purchasing an additional 5,584 shares during the quarter. Fmr LLC owned 0.12% of Proto Labs worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PRLB. Pacer Advisors Inc. lifted its stake in Proto Labs by 44,804.1% in the 3rd quarter. Pacer Advisors Inc. now owns 573,874 shares of the industrial products company’s stock worth $16,855,000 after acquiring an additional 572,596 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Proto Labs by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,110,566 shares of the industrial products company’s stock worth $34,305,000 after purchasing an additional 130,670 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Proto Labs by 32.3% during the second quarter. Renaissance Technologies LLC now owns 435,823 shares of the industrial products company’s stock worth $13,463,000 after purchasing an additional 106,423 shares during the period. Assenagon Asset Management S.A. grew its position in Proto Labs by 22.9% during the third quarter. Assenagon Asset Management S.A. now owns 299,848 shares of the industrial products company’s stock valued at $8,807,000 after purchasing an additional 55,932 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Proto Labs by 217.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,403 shares of the industrial products company’s stock valued at $2,009,000 after buying an additional 46,866 shares during the period. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Proto Labs Trading Down 3.3 %

Shares of NYSE:PRLB opened at $43.28 on Wednesday. The stock has a market capitalization of $1.06 billion, a PE ratio of 46.02 and a beta of 1.45. Proto Labs, Inc. has a 1 year low of $25.75 and a 1 year high of $45.15. The firm has a fifty day moving average price of $35.91 and a 200 day moving average price of $32.38.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.15. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The business had revenue of $125.60 million for the quarter, compared to the consensus estimate of $121.38 million. During the same period last year, the business earned $0.31 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that Proto Labs, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on PRLB shares. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price target on shares of Proto Labs in a report on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research note on Friday, November 1st. Finally, Craig Hallum raised their price target on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.33.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.