Yousif Capital Management LLC Has $366,000 Stock Holdings in Proto Labs, Inc. (NYSE:PRLB)

Yousif Capital Management LLC reduced its stake in Proto Labs, Inc. (NYSE:PRLB) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,361 shares of the industrial products company’s stock after selling 278 shares during the quarter. Yousif Capital Management LLC’s holdings in Proto Labs were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN lifted its position in shares of Proto Labs by 5.7% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,056,593 shares of the industrial products company’s stock worth $60,402,000 after purchasing an additional 110,244 shares during the period. State Street Corp lifted its holdings in Proto Labs by 1.4% in the third quarter. State Street Corp now owns 965,426 shares of the industrial products company’s stock valued at $28,355,000 after buying an additional 13,554 shares during the period. Geode Capital Management LLC boosted its position in Proto Labs by 0.7% during the third quarter. Geode Capital Management LLC now owns 585,809 shares of the industrial products company’s stock valued at $17,209,000 after acquiring an additional 4,285 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Proto Labs by 44,804.1% during 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 during the period. Finally, Wellington Management Group LLP raised its position in shares of Proto Labs by 6.5% in the 3rd quarter. Wellington Management Group LLP now owns 387,741 shares of the industrial products company’s stock worth $11,388,000 after acquiring an additional 23,696 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors.

Proto Labs Stock Down 1.8 %

Shares of PRLB opened at $44.20 on Tuesday. The business’s fifty day moving average is $40.91 and its 200 day moving average is $35.18. Proto Labs, Inc. has a 12-month low of $25.75 and a 12-month high of $46.73. The stock has a market cap of $1.08 billion, a P/E ratio of 47.02 and a beta of 1.45.

Proto Labs announced that its board has approved a stock repurchase program on Friday, February 7th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the industrial products company to repurchase up to 9.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research report on Friday, February 7th. Craig Hallum lifted their price objective on shares of Proto Labs from $30.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Cantor Fitzgerald lifted their price target on shares of Proto Labs from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Proto Labs currently has a consensus rating of “Moderate Buy” and an average target price of $43.67.

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.