Proto Labs, Inc. (NYSE:PRLB) Shares Bought by Meros Investment Management LP

Meros Investment Management LP grew its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,541 shares of the industrial products company’s stock after purchasing an additional 4,725 shares during the period. Proto Labs makes up about 1.9% of Meros Investment Management LP’s holdings, making the stock its 25th biggest position. Meros Investment Management LP’s holdings in Proto Labs were worth $4,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRLB. Pacer Advisors Inc. grew its holdings in shares of 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. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Proto Labs in the 3rd quarter worth approximately $8,587,000. Assenagon Asset Management S.A. acquired a new stake in shares of Proto Labs in the 2nd quarter worth approximately $7,535,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $34,305,000 after acquiring an additional 130,670 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its holdings 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 acquiring an additional 110,244 shares during the period. Institutional investors and hedge funds own 84.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PRLB shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Friday, November 1st. Craig Hallum upped 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 reaffirmed an “overweight” rating and issued a $40.00 target price on shares of Proto Labs in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

Proto Labs Stock Up 2.4 %

Shares of Proto Labs stock opened at $44.55 on Wednesday. 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 cap of $1.09 billion, a PE ratio of 47.39 and a beta of 1.45. The business’s fifty day moving average is $34.63 and its two-hundred day moving average is $32.00.

Proto Labs (NYSE:PRLB) last issued 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. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The company had revenue of $125.60 million for the quarter, compared to analyst estimates of $121.38 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that Proto Labs, Inc. will post 0.84 EPS for the current year.

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.