Bank of America Corp DE Has $7.36 Million Stock Position in Proto Labs, Inc. $PRLB

Bank of America Corp DE boosted its holdings in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 38.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,113 shares of the industrial products company's stock after purchasing an additional 35,784 shares during the period. Bank of America Corp DE owned about 0.54% of Proto Labs worth $7,362,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quantinno Capital Management LP lifted its holdings in shares of Proto Labs by 98.9% in the first quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company's stock worth $1,580,000 after acquiring an additional 13,781 shares during the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Proto Labs in the 1st quarter valued at approximately $1,605,000. Edgestream Partners L.P. bought a new stake in shares of Proto Labs during the 1st quarter valued at approximately $1,084,000. Renaissance Technologies LLC increased its position in Proto Labs by 5.4% during the 1st quarter. Renaissance Technologies LLC now owns 520,251 shares of the industrial products company's stock worth $29,665,000 after purchasing an additional 26,700 shares in the last quarter. Finally, Auto Owners Insurance Co increased its position 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 worth $11,517,000 after purchasing an additional 223,155 shares in the last quarter. Institutional investors and hedge funds own 84.54% of the company's stock.

Insider Buying and Selling

In related news, Director Sven Wehrwein sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the sale, the director owned 32,505 shares of the company's stock, valued at $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

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

Proto Labs Price Performance

Shares of PRLB opened at $77.77 on Wednesday. The business has a 50-day moving average of $80.50 and a 200-day moving average of $70.64. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 62.22 and a beta of 1.40. Proto Labs, Inc. has a 1 year low of $45.10 and a 1 year high of $93.00.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, beating 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 firm's revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, sell-side analysts anticipate that Proto Labs, Inc. will post 1.46 EPS for the current year.

About Proto Labs

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.

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