New York State Teachers Retirement System Has $908,000 Stock Holdings in Proto Labs, Inc. (NYSE:PRLB)

New York State Teachers Retirement System lessened its position in Proto Labs, Inc. (NYSE:PRLB) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,313 shares of the industrial products company’s stock after selling 1,293 shares during the quarter. New York State Teachers Retirement System’s holdings in Proto Labs were worth $908,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRLB. Morgan Stanley raised its position in Proto Labs by 54.4% in the 3rd quarter. Morgan Stanley now owns 1,067,170 shares of the industrial products company’s stock valued at $28,173,000 after buying an additional 376,178 shares during the last quarter. Norges Bank bought a new position in Proto Labs in the fourth quarter valued at approximately $7,035,000. First Trust Advisors LP grew its stake in Proto Labs by 97.1% in the first quarter. First Trust Advisors LP now owns 541,364 shares of the industrial products company’s stock valued at $17,946,000 after purchasing an additional 266,724 shares in the last quarter. Federated Hermes Inc. grew its stake in Proto Labs by 63.4% in the first quarter. Federated Hermes Inc. now owns 461,748 shares of the industrial products company’s stock valued at $24,426,000 after purchasing an additional 179,112 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Proto Labs by 320.2% in the fourth quarter. AQR Capital Management LLC now owns 229,634 shares of the industrial products company’s stock valued at $5,863,000 after purchasing an additional 174,986 shares in the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

Proto Labs Stock Down 0.4 %

PRLB stock opened at $31.06 on Friday. The business has a 50 day moving average price of $34.98 and a two-hundred day moving average price of $34.23. The company has a market cap of $793.89 million, a price-to-earnings ratio of 46.36 and a beta of 1.34. Proto Labs, Inc. has a twelve month low of $23.01 and a twelve month high of $41.87.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Proto Labs had a net margin of 3.42% and a return on equity of 2.51%. The company had revenue of $125.10 million during the quarter, compared to the consensus estimate of $122.81 million. During the same quarter in the prior year, the business earned ($4.24) earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Proto Labs, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.

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.