North Star Asset Management Inc. Takes Position in Proto Labs, Inc. $PRLB

Key Points

• North Star Asset Management bought 346,719 Proto Labs shares worth approximately $31.5 million, giving it about a 1.45% stake and making PRLB one of its largest holdings.
• Institutional investors own approximately 84.54% of Proto Labs, with several major funds increasing or initiating positions during recent reporting periods.
• Proto Labs beat quarterly earnings and revenue expectations, while analysts maintain a consensus “Buy” rating with an average price target of $89.00.

North Star Asset Management Inc. bought a new position in Proto Labs, Inc. (NYSE:PRLB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 346,719 shares of the industrial products company's stock, valued at approximately $31,461,000. Proto Labs makes up about 1.2% of North Star Asset Management Inc.'s holdings, making the stock its 22nd largest holding. North Star Asset Management Inc. owned about 1.45% of Proto Labs at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in Proto Labs in the 2nd quarter valued at $317,581,000. Disciplined Growth Investors Inc. MN increased its stake in shares of Proto Labs by 1.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 2,722,011 shares of the industrial products company's stock valued at $108,989,000 after buying an additional 51,293 shares in the last quarter. XXEC Inc. raised its holdings in shares of Proto Labs by 2,060.4% in the second quarter. XXEC Inc. now owns 1,261,547 shares of the industrial products company's stock valued at $111,461,682,000 after buying an additional 1,203,154 shares during the last quarter. Rubric Capital Management LP lifted its position in Proto Labs by 8.6% during the 3rd quarter. Rubric Capital Management LP now owns 1,123,338 shares of the industrial products company's stock worth $56,201,000 after buying an additional 89,167 shares in the last quarter. Finally, American Capital Management Inc. grew its holdings in Proto Labs by 126.0% during the 4th quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company's stock worth $31,938,000 after acquiring an additional 352,015 shares during the last quarter. Institutional investors own 84.54% of the company's stock.

Insider Transactions at Proto Labs

In related news, Director Sven Wehrwein sold 2,000 shares of the business'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 value of $154,560.00. Following the completion of the transaction, the director directly owned 32,505 shares in the company, valued at approximately $2,511,986.40. The trade was a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Proto Labs from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Wall Street Zen cut shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. 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 report on Monday, August 3rd. Weiss Ratings cut shares of Proto Labs from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Finally, Benchmark boosted their price objective on shares of Proto Labs from $70.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $89.00.

Proto Labs Price Performance

Shares of NYSE:PRLB opened at $80.20 on Friday. Proto Labs, Inc. has a one year low of $45.10 and a one year high of $93.00. The company has a 50 day moving average of $80.46 and a 200-day moving average of $70.91. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 64.16 and a beta of 1.40.

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. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The business had revenue of $149.34 million for the quarter, compared to analyst estimates of $144.53 million. During the same period last year, the company earned $0.41 EPS. The firm's revenue was up 10.5% on a year-over-year basis. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Equities research analysts anticipate that Proto Labs, Inc. will post 1.46 earnings per share for the current year.

Proto Labs 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.

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