Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.34 Million Investment in Proto Labs, Inc. (NYSE:PRLB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $1.34 million in Proto Labs by acquiring 38,123 shares, amounting to about 0.16% of the company.
• Proto Labs reported a quarterly earnings per share of $0.33, exceeding estimates, although its revenue declined 1.3% year-over-year to $126.21 million.
• Wall Street Zen upgraded Proto Labs from a "buy" rating to a "strong-buy" rating, indicating increased optimism about the company's prospects.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,123 shares of the industrial products company's stock, valued at approximately $1,336,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Proto Labs at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Proto Labs by 249.4% in the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock worth $32,000 after acquiring an additional 661 shares during the period. Victory Capital Management Inc. acquired a new position in Proto Labs in the first quarter valued at about $584,000. CWM LLC lifted its holdings in shares of Proto Labs by 50.4% in the first quarter. CWM LLC now owns 1,840 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 617 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Proto Labs by 109.1% in the fourth quarter. Bank of America Corp DE now owns 54,447 shares of the industrial products company's stock valued at $2,128,000 after purchasing an additional 28,407 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in Proto Labs by 18.2% during the fourth quarter. Aquatic Capital Management LLC now owns 8,981 shares of the industrial products company's stock worth $351,000 after acquiring an additional 1,381 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRLB has been the topic of a number of recent analyst reports. Wall Street Zen raised Proto Labs from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Cantor Fitzgerald increased their price target on Proto Labs from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Craig Hallum upgraded Proto Labs from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research note on Friday.

Proto Labs Stock Performance

PRLB traded down $0.01 during trading on Monday, reaching $43.18. The stock had a trading volume of 61,637 shares, compared to its average volume of 214,509. The business has a 50-day moving average of $39.29 and a 200-day moving average of $38.59. Proto Labs, Inc. has a one year low of $25.75 and a one year high of $46.73. The stock has a market cap of $1.03 billion, a PE ratio of 71.98 and a beta of 1.33.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. Proto Labs had a return on equity of 2.22% and a net margin of 2.91%. The company had revenue of $135.06 million for the quarter, compared to analysts' expectations of $128.05 million. During the same period last year, the firm earned $0.38 earnings per share. Proto Labs's quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Proto Labs, Inc. will post 0.81 EPS for the current fiscal year.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.