KBC Group NV Buys 631 Shares of Proto Labs, Inc. (NYSE:PRLB)

KBC Group NV boosted its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 69.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,541 shares of the industrial products company’s stock after buying an additional 631 shares during the period. KBC Group NV’s holdings in Proto Labs were worth $45,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PRLB. Canada Pension Plan Investment Board bought a new position in shares of Proto Labs during the 2nd quarter valued at about $37,000. Innealta Capital LLC bought a new position in Proto Labs in the 2nd quarter worth about $40,000. Meeder Asset Management Inc. purchased a new stake in Proto Labs during the 2nd quarter valued at about $80,000. Shell Asset Management Co. purchased a new position in Proto Labs in the 1st quarter worth approximately $132,000. Finally, Diversified Trust Co lifted its position in Proto Labs by 9.2% in the 2nd quarter. Diversified Trust Co now owns 8,431 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of Proto Labs in a report on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research report on Friday, November 1st. Craig Hallum lifted their price target on shares of Proto Labs from $30.00 to $36.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, StockNews.com downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Proto Labs presently has an average rating of “Moderate Buy” and an average price target of $40.33.

Proto Labs Price Performance

Proto Labs stock opened at $41.50 on Friday. The company’s 50-day moving average is $31.60 and its 200 day moving average is $31.17. Proto Labs, Inc. has a 1-year low of $25.75 and a 1-year high of $41.87. The firm has a market capitalization of $1.02 billion, a P/E ratio of 44.15 and a beta of 1.32.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.15. The company had revenue of $125.60 million for the quarter, compared to analysts’ expectations of $121.38 million. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. Proto Labs’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Research analysts anticipate that Proto Labs, Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Proto Labs news, CEO Robert Bodor bought 3,480 shares of Proto Labs stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $28.68 per share, with a total value of $99,806.40. Following the transaction, the chief executive officer now directly owns 80,878 shares of the company’s stock, valued at approximately $2,319,581.04. This represents a 4.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Proto Labs 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.