Barbara Oil Co. Purchases Shares of 15,000 Proto Labs, Inc. $PRLB

Key Points

• Barbara Oil Co. acquired 15,000 Proto Labs shares worth approximately $1.36 million, while institutional investors collectively owned 84.54% of the company.
• Analyst sentiment remains positive, with Proto Labs carrying an average “Buy” rating and an average price target of $89; Benchmark raised its target to $91.
• Proto Labs exceeded quarterly expectations, reporting $0.60 in EPS versus $0.53 expected and revenue of $149.34 million, up 10.5% year over year.

Barbara Oil Co. purchased a new stake in Proto Labs, Inc. (NYSE:PRLB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the industrial products company's stock, valued at approximately $1,361,000. Barbara Oil Co. owned 0.06% of Proto Labs as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Proto Labs in the 2nd quarter worth $317,581,000. XXEC Inc. raised its stake in shares of Proto Labs by 2,060.4% in the 2nd quarter. XXEC Inc. now owns 1,261,547 shares of the industrial products company's stock valued at $111,461,682,000 after purchasing an additional 1,203,154 shares during the period. Rubric Capital Management LP raised its stake in shares of Proto Labs by 791.9% in the 2nd quarter. Rubric Capital Management LP now owns 1,034,171 shares of the industrial products company's stock valued at $41,408,000 after purchasing an additional 918,219 shares during the period. American Capital Management Inc. lifted its holdings in shares of Proto Labs by 126.0% in the fourth quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company's stock valued at $31,938,000 after purchasing an additional 352,015 shares in the last quarter. Finally, Auto Owners Insurance Co lifted its holdings in shares of Proto Labs by 4,959.0% in the fourth quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company's stock valued at $11,517,000 after purchasing an additional 223,155 shares in the last quarter. Institutional investors own 84.54% of the company's stock.

Insider Activity at Proto Labs

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

Analyst Upgrades and Downgrades

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

Proto Labs Stock Performance

Shares of NYSE PRLB opened at $79.48 on Monday. The stock has a 50 day moving average price of $80.56 and a 200 day moving average price of $70.31. The stock has a market capitalization of $1.90 billion, a PE ratio of 63.58 and a beta of 1.40. Proto Labs, Inc. has a 52 week low of $45.10 and a 52 week high of $93.00.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $149.34 million for the quarter, compared to analyst estimates of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, research analysts forecast 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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