108,964 Shares in Proto Labs, Inc. $PRLB Purchased by Rice Hall James & Associates LLC

Key Points

• Rice Hall James & Associates purchased 108,964 Proto Labs shares valued at approximately $8.9 million, joining other institutional investors that increased their positions. Institutions now own 84.54% of the company.
• Proto Labs exceeded quarterly expectations, reporting $0.60 in earnings per share versus a $0.53 estimate and revenue of $149.34 million, up 10.5% year over year.
• Shares opened at $90.65, near their 52-week high of $93.00. Analysts maintain a consensus “Buy” rating with an average price target of $89.00, while one director sold 2,000 shares.

Rice Hall James & Associates LLC bought a new stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 108,964 shares of the industrial products company's stock, valued at approximately $8,882,000. Rice Hall James & Associates LLC owned approximately 0.46% of Proto Labs at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Rubric Capital Management LP increased its stake in shares of Proto Labs by 791.9% during the 2nd quarter. Rubric Capital Management LP now owns 1,034,171 shares of the industrial products company's stock worth $41,408,000 after purchasing an additional 918,219 shares in the last quarter. American Capital Management Inc. lifted its stake in Proto Labs by 126.0% in the 4th quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company's stock valued at $31,938,000 after buying an additional 352,015 shares in the last quarter. Auto Owners Insurance Co grew its holdings in Proto Labs by 4,959.0% during the 4th quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company's stock valued at $11,517,000 after buying an additional 223,155 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Proto Labs during the 2nd quarter valued at $11,720,000. Finally, Polar Asset Management Partners Inc. purchased a new position in Proto Labs during the third quarter worth $6,425,000. Hedge funds and other institutional investors own 84.54% of the company's stock.

Proto Labs Stock Performance

Shares of PRLB opened at $90.65 on Tuesday. The stock has a fifty day moving average of $80.18 and a two-hundred day moving average of $69.51. The company has a market capitalization of $2.17 billion, a PE ratio of 72.52 and a beta of 1.40. Proto Labs, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $93.00.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.07. The business had revenue of $149.34 million for the quarter, compared to analysts' expectations of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The business's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, equities research analysts forecast that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PRLB has been the subject of a number of analyst reports. Zacks Research raised Proto Labs from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Benchmark lifted their price objective on Proto Labs from $70.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of Proto Labs from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Finally, Needham & Company LLC upgraded shares of Proto Labs from a "hold" rating to a "buy" rating and set a $87.00 target price on the stock in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $89.00.

Insiders Place Their Bets

In related news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the transaction, the director directly owned 32,505 shares in the company, valued at approximately $2,511,986.40. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company's stock.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.

Want to see what other hedge funds are holding PRLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proto Labs, Inc. (NYSE:PRLB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source