The Manufacturers Life Insurance Company Buys New Holdings in Proto Labs, Inc. $PRLB

The Manufacturers Life Insurance Company acquired a new stake in Proto Labs, Inc. (NYSE:PRLB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,335 shares of the industrial products company’s stock, valued at approximately $761,000.

A number of other hedge funds have also modified their holdings of PRLB. S Squared Technology LLC purchased a new position in Proto Labs during the 2nd quarter worth $23,484,661. Algert Global LLC raised its holdings in shares of Proto Labs by 480.2% in the second quarter. Algert Global LLC now owns 36,695 shares of the industrial products company’s stock valued at $2,991,000 after buying an additional 30,370 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Proto Labs during the second quarter worth about $9,820,000. BlackRock Inc. acquired a new stake in shares of Proto Labs during the second quarter worth about $317,581,000. Finally, Deutsche Bank AG purchased a new position in shares of Proto Labs during the second quarter worth about $2,047,000. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

Proto Labs Stock Up 3.0%

Shares of NYSE PRLB opened at $81.88 on Friday. The stock has a market capitalization of $1.96 billion, a PE ratio of 65.50 and a beta of 1.42. The firm has a fifty day moving average of $80.35 and a 200-day moving average of $71.43. Proto Labs, Inc. has a 52-week low of $45.10 and a 52-week high of $93.00.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The firm had revenue of $149.34 million during the quarter, compared to the consensus estimate of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Equities research analysts expect that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PRLB. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, August 3rd. Weiss Ratings raised Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Benchmark lifted their price objective on shares of Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen cut Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $89.00.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.