State of Wyoming Invests $1.33 Million in Proto Labs, Inc. $PRLB

Key Points

• Wyoming acquired 16,370 Proto Labs shares worth approximately $1.33 million in the second quarter, while institutional investors and hedge funds collectively own 84.54% of the company.
• Proto Labs reported quarterly EPS of $0.60, beating estimates of $0.53, with revenue up 10.5% year over year to $149.34 million. Shares opened at $91.77, near their 12-month high of $93.00.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $89.00; Needham and Zacks recently upgraded the stock.

State of Wyoming acquired a new stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,370 shares of the industrial products company's stock, valued at approximately $1,334,000. State of Wyoming owned 0.07% of Proto Labs at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quantinno Capital Management LP boosted its stake in Proto Labs by 98.9% during the first quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company's stock worth $1,580,000 after buying an additional 13,781 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in shares of Proto Labs in the 1st quarter valued at $1,605,000. Edgestream Partners L.P. acquired a new position in shares of Proto Labs in the 1st quarter valued at $1,084,000. Auto Owners Insurance Co lifted its holdings in shares of 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 acquiring an additional 223,155 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 26,700 shares during the period. 84.54% of the stock is currently owned by institutional investors and hedge funds.

Proto Labs Stock Down 0.6%

Shares of Proto Labs stock opened at $91.77 on Friday. Proto Labs, Inc. has a 12-month low of $45.10 and a 12-month high of $93.00. The stock has a market capitalization of $2.20 billion, a P/E ratio of 73.42 and a beta of 1.40. The company has a 50-day simple moving average of $79.89 and a 200 day simple moving average of $69.13.

Proto Labs (NYSE:PRLB - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, equities analysts anticipate that Proto Labs, Inc. will post 1.46 earnings per share for the current year.

Insider Activity

In other news, Director Sven Wehrwein sold 2,000 shares of Proto Labs stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total value of $154,560.00. Following the completion of the transaction, the director owned 32,505 shares in the company, valued at approximately $2,511,986.40. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

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

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