Janney Montgomery Scott LLC Boosts Holdings in Proto Labs, Inc. (NYSE:PRLB)

Janney Montgomery Scott LLC boosted its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 6.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,164 shares of the industrial products company’s stock after acquiring an additional 1,147 shares during the period. Janney Montgomery Scott LLC’s holdings in Proto Labs were worth $788,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of PRLB. Diversified Trust Co boosted its holdings in shares of Proto Labs by 13.9% during the 4th quarter. Diversified Trust Co now owns 9,236 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 1,125 shares during the last quarter. Nordea Investment Management AB boosted its position in Proto Labs by 76.0% in the 4th quarter. Nordea Investment Management AB now owns 244,987 shares of the industrial products company’s stock valued at $9,711,000 after buying an additional 105,813 shares during the period. Modus Advisors LLC acquired a new stake in Proto Labs in the 4th quarter valued at about $87,000. JPMorgan Chase & Co. increased its holdings in Proto Labs by 93.1% in the third quarter. JPMorgan Chase & Co. now owns 139,890 shares of the industrial products company’s stock valued at $4,109,000 after buying an additional 67,449 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Proto Labs by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 12,989 shares of the industrial products company’s stock worth $370,000 after buying an additional 980 shares during the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a research note on Monday, November 4th. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a research report on Thursday, January 16th. Finally, Craig Hallum boosted their price target on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Proto Labs has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Proto Labs Price Performance

Shares of Proto Labs stock opened at $44.34 on Friday. Proto Labs, Inc. has a 1-year low of $25.75 and a 1-year high of $45.15. The business has a 50-day moving average of $40.70 and a 200-day moving average of $34.71. The company has a market capitalization of $1.09 billion, a PE ratio of 47.17 and a beta of 1.45.

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.