Strs Ohio Has $709,000 Position in Proto Labs, Inc. (NYSE:PRLB)

Strs Ohio reduced its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,200 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Strs Ohio owned 0.07% of Proto Labs worth $709,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in Proto Labs by 144.2% during the 3rd quarter. CWM LLC now owns 1,199 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 708 shares during the period. International Assets Investment Management LLC increased its stake in shares of Proto Labs by 3,795.7% in the fourth quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 873 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Proto Labs in the third quarter worth $245,000. Arizona State Retirement System acquired a new position in shares of Proto Labs in the fourth quarter worth $284,000. Finally, Diversified Trust Co acquired a new position in shares of Proto Labs in the fourth quarter worth $286,000. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Price Performance

Proto Labs stock opened at $31.43 on Friday. The company has a market capitalization of $803.35 million, a price-to-earnings ratio of 46.91 and a beta of 1.34. Proto Labs, Inc. has a one year low of $23.01 and a one year high of $41.87. The company’s fifty day moving average price is $34.75 and its two-hundred day moving average price is $34.45.

Proto Labs (NYSE:PRLB) last posted its earnings results on Friday, February 9th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Proto Labs had a return on equity of 2.51% and a net margin of 3.42%. The business had revenue of $125.10 million for the quarter, compared to analyst estimates of $122.81 million. During the same period in the previous year, the company earned ($4.24) earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Proto Labs, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd.

Proto Labs 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.