Aperio Group LLC lifted its stake in Proto Labs Inc (NYSE:PRLB) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,831 shares of the industrial products company’s stock after purchasing an additional 454 shares during the period. Aperio Group LLC’s holdings in Proto Labs were worth $1,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Radnor Capital Management LLC grew its holdings in shares of Proto Labs by 12.0% in the third quarter. Radnor Capital Management LLC now owns 3,360 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 360 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Proto Labs by 14.9% in the second quarter. Xact Kapitalforvaltning AB now owns 3,858 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 500 shares during the last quarter. Piedmont Investment Advisors LLC grew its holdings in shares of Proto Labs by 9.8% in the second quarter. Piedmont Investment Advisors LLC now owns 5,873 shares of the industrial products company’s stock worth $699,000 after purchasing an additional 526 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Proto Labs by 4.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,926 shares of the industrial products company’s stock worth $1,894,000 after purchasing an additional 670 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Proto Labs by 2.7% in the third quarter. Bank of Montreal Can now owns 25,494 shares of the industrial products company’s stock worth $4,123,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

In related news, CFO John Way sold 8,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $159.10, for a total value of $1,272,800.00. Following the completion of the sale, the chief financial officer now directly owns 30,503 shares of the company’s stock, valued at $4,853,027.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Goodman sold 1,113 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $162.95, for a total transaction of $181,363.35. Following the completion of the sale, the director now directly owns 12,655 shares of the company’s stock, valued at $2,062,132.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,934 shares of company stock worth $3,663,441. Company insiders own 0.64% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Friday, August 3rd.

NYSE PRLB opened at $124.90 on Friday. The stock has a market capitalization of $3.46 billion, a PE ratio of 64.72, a P/E/G ratio of 2.18 and a beta of 1.46. Proto Labs Inc has a 12 month low of $82.93 and a 12 month high of $166.60.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21. The firm had revenue of $115.43 million for the quarter, compared to analysts’ expectations of $112.53 million. Proto Labs had a net margin of 16.76% and a return on equity of 14.31%. On average, research analysts predict that Proto Labs Inc will post 2.79 EPS for the current year.

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Proto Labs Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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

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