Amundi Pioneer Asset Management Inc. Purchases New Stake in Proto Labs Inc (PRLB)

Amundi Pioneer Asset Management Inc. purchased a new position in shares of Proto Labs Inc (NYSE:PRLB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,820 shares of the industrial products company’s stock, valued at approximately $3,587,000.

A number of other institutional investors also recently added to or reduced their stakes in PRLB. Tower Research Capital LLC TRC increased its position in Proto Labs by 73.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock worth $132,000 after buying an additional 544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Proto Labs by 52.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock worth $142,000 after buying an additional 471 shares in the last quarter. Shelton Capital Management purchased a new position in Proto Labs during the fourth quarter worth $225,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Proto Labs during the third quarter worth $238,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Proto Labs by 143.8% during the fourth quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 1,362 shares during the last quarter. 98.20% of the stock is owned by institutional investors.

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In related news, Director John B. Goodman sold 1,114 shares of Proto Labs stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $122.71, for a total value of $136,698.94. Following the transaction, the director now owns 11,091 shares in the company, valued at $1,360,976.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Goodman sold 2,715 shares of Proto Labs stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.79, for a total value of $289,934.85. The disclosure for this sale can be found here. Insiders have sold 6,220 shares of company stock worth $678,455 in the last 90 days. Insiders own 7.78% of the company’s stock.

Several research firms have recently issued reports on PRLB. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Thursday, February 15th. Piper Jaffray Companies restated a “hold” rating and set a $84.00 price objective on shares of Proto Labs in a report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price objective on Proto Labs and gave the stock a “hold” rating in a report on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.00.

Shares of PRLB stock opened at $118.80 on Friday. Proto Labs Inc has a fifty-two week low of $48.00 and a fifty-two week high of $126.95. The stock has a market capitalization of $3,366.68, a price-to-earnings ratio of 61.55, a PEG ratio of 2.56 and a beta of 1.04.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. Proto Labs had a return on equity of 12.22% and a net margin of 15.03%. The business had revenue of $94.18 million for the quarter, compared to analysts’ expectations of $92.20 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s revenue was up 30.2% on a year-over-year basis. research analysts forecast that Proto Labs Inc will post 2.53 earnings per share for the current fiscal year.

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About Proto Labs

Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.

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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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