Modus Advisors LLC Takes Position in Proto Labs, Inc. (NYSE:PRLB)

Modus Advisors LLC purchased a new stake in Proto Labs, Inc. (NYSE:PRLB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,233 shares of the industrial products company’s stock, valued at approximately $87,000.

A number of other institutional investors have also recently 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% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,056,593 shares of the industrial products company’s stock valued at $60,402,000 after acquiring an additional 110,244 shares during the period. Dimensional Fund Advisors LP raised its stake in Proto Labs by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,110,566 shares of the industrial products company’s stock valued at $34,305,000 after purchasing an additional 130,670 shares during the last quarter. State Street Corp increased its stake in shares of Proto Labs by 1.4% during the 3rd quarter. State Street Corp now owns 965,426 shares of the industrial products company’s stock valued at $28,355,000 after acquiring an additional 13,554 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Proto Labs by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 585,809 shares of the industrial products company’s stock valued at $17,209,000 after buying an additional 4,285 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings 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 during the period. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Proto Labs Trading Up 0.2 %

Shares of Proto Labs stock traded up $0.06 on Friday, reaching $38.81. 7,415 shares of the company were exchanged, compared to its average volume of 48,280. Proto Labs, Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $45.15. The firm has a market capitalization of $951.23 million, a price-to-earnings ratio of 41.29 and a beta of 1.45. The stock has a fifty day moving average price of $39.01 and a 200-day moving average price of $33.16.

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

Analysts Set New Price Targets

PRLB has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research report on Friday, November 1st. Craig Hallum increased their target price on 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 restated an “overweight” rating and set a $40.00 price objective on shares of Proto Labs in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Proto Labs has an average rating of “Moderate Buy” and a consensus target price of $40.33.

Proto Labs Company Profile

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.