Wellington Management Group LLP Purchases 351,097 Shares of Proto Labs, Inc. $PRLB

Key Points

• Wellington Management Group LLP increased its stake in Proto Labs by 97.4% in Q1, now owning approximately 711,738 shares valued at $24.9 million.
• Proto Labs recently reported earnings of $0.41 EPS, exceeding estimates by $0.08, with quarterly revenue rising 7.6% year-over-year to $135.06 million.
• Multiple analysts have upgraded Proto Labs' stock rating, with an average target price of $52.50 reflecting a general sentiment of a "Moderate Buy".

Wellington Management Group LLP grew its stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 97.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 711,738 shares of the industrial products company's stock after purchasing an additional 351,097 shares during the period. Wellington Management Group LLP owned approximately 2.99% of Proto Labs worth $24,939,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in shares of Proto Labs by 9,033.1% in the first quarter. Pacer Advisors Inc. now owns 148,595 shares of the industrial products company's stock worth $5,207,000 after buying an additional 146,968 shares in the last quarter. Nuveen LLC purchased a new position in shares of Proto Labs during the first quarter valued at approximately $2,458,000. Dimensional Fund Advisors LP raised its holdings in shares of Proto Labs by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,300,864 shares of the industrial products company's stock valued at $50,851,000 after purchasing an additional 68,006 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Proto Labs during the fourth quarter valued at approximately $1,950,000. Finally, Algert Global LLC raised its holdings in shares of Proto Labs by 137.3% during the first quarter. Algert Global LLC now owns 85,084 shares of the industrial products company's stock valued at $2,981,000 after purchasing an additional 49,230 shares during the last quarter. Hedge funds and other institutional investors own 84.54% of the company's stock.

Insider Buying and Selling

In other Proto Labs news, CEO Suresh Krishna acquired 1,725 shares of the stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $43.51 per share, for a total transaction of $75,054.75. Following the completion of the transaction, the chief executive officer directly owned 18,021 shares of the company's stock, valued at $784,093.71. This trade represents a 10.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Proto Labs Trading Down 0.3%

PRLB traded down $0.13 during trading on Thursday, hitting $50.71. 163,456 shares of the company traded hands, compared to its average volume of 204,258. The company has a market cap of $1.21 billion, a PE ratio of 84.52 and a beta of 1.33. The stock's 50-day simple moving average is $43.06 and its two-hundred day simple moving average is $39.49. Proto Labs, Inc. has a 1 year low of $26.34 and a 1 year high of $51.09.

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 for the quarter, beating the consensus estimate of $0.33 by $0.08. The company had revenue of $135.06 million during the quarter, compared to analysts' expectations of $128.05 million. Proto Labs had a net margin of 2.91% and a return on equity of 2.22%. Proto Labs's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. Proto Labs has set its Q3 2025 guidance at 0.350-0.430 EPS. Equities analysts expect that Proto Labs, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on PRLB shares. Craig Hallum raised shares of Proto Labs from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a report on Friday, August 1st. Cantor Fitzgerald increased their price target on shares of Proto Labs from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.50.

About Proto Labs

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.