Texas Permanent School Fund Corp Buys 5,927 Shares of Proto Labs, Inc. (NYSE:PRLB)
Texas Permanent School Fund Corp boosted its stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 32.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,157 shares of the industrial products company's stock after purchasing an additional 5,927 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Proto Labs worth $801,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Proto Labs by 4.3% during the third quarter. Vanguard Group Inc. now owns 2,962,877 shares of the industrial products company's stock worth $107,937,000 after buying an additional 121,347 shares in the last quarter. State Street Corp raised its stake in Proto Labs by 8.2% in the second quarter. State Street Corp now owns 1,120,464 shares of the industrial products company's stock valued at $53,603,000 after purchasing an additional 85,135 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Proto Labs by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 790,826 shares of the industrial products company's stock valued at $20,188,000 after purchasing an additional 64,067 shares in the last quarter. Morgan Stanley raised its stake in Proto Labs by 38.3% in the fourth quarter. Morgan Stanley now owns 583,695 shares of the industrial products company's stock valued at $14,902,000 after purchasing an additional 161,775 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Proto Labs by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 494,556 shares of the industrial products company's stock valued at $12,626,000 after purchasing an additional 11,636 shares in the last quarter. 84.70% of the stock is owned by institutional investors.
Shares of NYSE PRLB opened at $31.80 on Friday. The company has a market cap of $833.16 million, a price-to-earnings ratio of -8.13 and a beta of 1.20. Proto Labs, Inc. has a 12 month low of $22.04 and a 12 month high of $53.00. The stock has a 50-day moving average price of $34.02 and a two-hundred day moving average price of $32.15.
Proto Labs (NYSE:PRLB - Get Free Report) last issued its earnings results on Friday, May 5th. The industrial products company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $125.86 million during the quarter, compared to the consensus estimate of $118.24 million. Proto Labs had a negative return on equity of 14.06% and a negative net margin of 21.61%. On average, sell-side analysts predict that Proto Labs, Inc. will post 0.47 earnings per share for the current year.
Separately, StockNews.com raised Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Proto Labs has a consensus rating of "Moderate Buy" and an average target price of $36.67.
Get Our Latest Stock Report on Proto Labs
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.
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