Healthcare of Ontario Pension Plan Trust Fund Has $703,000 Stock Position in Proto Labs, Inc. (NYSE:PRLB)

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of Proto Labs, Inc. (NYSE:PRLB – Get Rating) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,304 shares of the industrial products company’s stock after selling 2,968 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Proto Labs worth $703,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PRLB. Bank of New York Mellon Corp raised its position in Proto Labs by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 257,589 shares of the industrial products company’s stock valued at $13,627,000 after purchasing an additional 3,556 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Proto Labs by 35.4% during the first quarter. MetLife Investment Management LLC now owns 14,038 shares of the industrial products company’s stock worth $743,000 after buying an additional 3,673 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Proto Labs by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,785 shares of the industrial products company’s stock worth $1,258,000 after buying an additional 2,932 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Proto Labs by 34.2% during the first quarter. Dimensional Fund Advisors LP now owns 426,194 shares of the industrial products company’s stock worth $22,547,000 after buying an additional 108,638 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Proto Labs during the first quarter worth $3,940,000. 88.41% of the stock is currently owned by institutional investors and hedge funds.

Proto Labs Stock Up 1.1 %

Shares of PRLB opened at $31.44 on Wednesday. The firm’s fifty day simple moving average is $29.14 and its two-hundred day simple moving average is $32.09. Proto Labs, Inc. has a 12 month low of $22.04 and a 12 month high of $56.77.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Benchmark upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Monday, February 13th. TheStreet downgraded Proto Labs from a “c-” rating to a “d” rating in a report on Friday, February 10th. Lake Street Capital increased their price objective on Proto Labs from $37.50 to $40.00 in a report on Monday, February 13th. StockNews.com downgraded Proto Labs from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. Finally, Craig Hallum increased their price objective on Proto Labs from $20.00 to $25.00 and gave the company a “sell” rating in a report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.67.

Proto Labs Company Profile

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Proto Labs, Inc engages in the digital manufacture of custom prototypes and production parts. It offers 3D printing, CNC machining, and injection molding services. The company was founded by Lawrence J. Lukis and Gregg Bloom on May 5, 1999 and is headquartered in Maple Plain, MN.

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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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