Tompkins Financial Corp trimmed its stake in shares of Proto Labs Inc (NYSE:PRLB) by 26.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 435 shares of the industrial products company’s stock after selling 158 shares during the quarter. Tompkins Financial Corp’s holdings in Proto Labs were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of PRLB. Nisa Investment Advisors LLC increased its position in shares of Proto Labs by 4.2% during the second quarter. Nisa Investment Advisors LLC now owns 1,970 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 80 shares in the last quarter. Chatham Capital Group Inc. increased its position in Proto Labs by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 17,685 shares of the industrial products company’s stock valued at $1,989,000 after acquiring an additional 95 shares during the last quarter. D.B. Root & Company LLC increased its position in shares of Proto Labs by 2.2% during the 1st quarter. D.B. Root & Company LLC now owns 5,263 shares of the industrial products company’s stock valued at $400,000 after purchasing an additional 112 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Proto Labs by 14.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,012 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 124 shares during the period. Finally, NEXT Financial Group Inc increased its position in Proto Labs by 8.1% in the first quarter. NEXT Financial Group Inc now owns 1,674 shares of the industrial products company’s stock worth $127,000 after buying an additional 125 shares in the last quarter. 99.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on PRLB shares. Benchmark assumed coverage on shares of Proto Labs in a research report on Thursday, May 14th. They issued a “buy” rating and a $145.00 price target for the company. TheStreet upgraded Proto Labs from a “c+” rating to a “b-” rating in a research note on Wednesday, May 20th. Zacks Investment Research lowered Proto Labs from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. ValuEngine downgraded shares of Proto Labs from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Craig Hallum lowered their target price on shares of Proto Labs from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $111.00.

NYSE PRLB opened at $120.12 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.17 and a quick ratio of 4.27. The company has a market cap of $3.20 billion, a P/E ratio of 55.40 and a beta of 1.75. The stock has a 50-day moving average of $115.41 and a two-hundred day moving average of $100.65. Proto Labs Inc has a 1-year low of $63.19 and a 1-year high of $138.20.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. The firm had revenue of $106.60 million during the quarter, compared to analysts’ expectations of $100.46 million. Proto Labs had a net margin of 12.99% and a return on equity of 10.02%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, analysts anticipate that Proto Labs Inc will post 1.69 EPS for the current fiscal year.

Proto Labs Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven 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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