Louisiana State Employees Retirement System Invests $482,000 in Proto Labs,
October 21, 2023
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The Louisiana State Employees Retirement System recently announced that it has invested $482,000 in Proto Labs ($NYSE:PRLB), Inc., a leading provider of quick-turn, on-demand manufacturing services. Proto Labs, Inc. is a publicly traded company whose stock is listed on the New York Stock Exchange under the symbol “PRLB”. The company provides rapid prototyping and low-volume production services to businesses and individuals who need products quickly and on a budget. Proto Labs utilizes advanced 3D printing and CNC machining technologies to create high-precision prototypes and parts at an accelerated pace and with a high degree of accuracy.
This makes them highly efficient and cost-effective for any production needs. By becoming a part-owner of this innovative company, the pension fund stands to benefit from the growth of a highly sought-after service provider.
Stock Price
As a result of the investment, the company’s stock opened at $25.8 and closed at $26.0, representing an increase of 1.5% from the previous closing price of 25.6. This investment signifies the confidence that LASERS has in the company and its ability to generate returns for its portfolio. This investment also highlights the potential of PROTO LABS and its ability to provide innovative solutions to its customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Proto Labs. More…
| Total Revenues | Net Income | Net Margin |
| 485.45 | -108.84 | -7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Proto Labs. More…
| Operations | Investing | Financing |
| 62.91 | 1.24 | -52.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Proto Labs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 777.21 | 94.53 | 26.05 |
Key Ratios Snapshot
Some of the financial key ratios for Proto Labs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | -36.8% | 3.7% |
| FCF Margin | ROE | ROA |
| 8.3% | 1.7% | 1.5% |
Analysis
At GoodWhale, we’ve analyzed the financials of PROTO LABS and have concluded that it’s a medium risk investment in terms of financial and business aspects. We’ve detected 2 risk warnings in PROTO LABS’s balance sheet and cashflow statement – so if you’re considering investing in this company, we recommend that you become a registered user to check it out. We understand that making an investment is a big decision, which is why we encourage you to do your own due diligence. With GoodWhale’s risk ratings, you can rest assured that you’re making an informed decision. More…
Peers
Its primary competitors are J Pond Precision Technology Co Ltd, Dongguan Chitwing Technology Co Ltd, and Lucky Harvest Co Ltd. All of these companies offer machining services that create parts from 3D computer-aided design, or “CAD” files.
– J Pond Precision Technology Co Ltd ($SZSE:301326)
Pond Precision Technology Co Ltd is a market leading manufacturer of high precision engineering products and solutions. The company has a strong reputation for quality and innovation, and is widely respected within the industry. Pond Precision Technology Co Ltd has a market cap of 3.01B as of 2022, a Return on Equity of 6.21%. The company’s products are used in a wide range of industries, including aerospace, automotive, medical, and electronics. Pond Precision Technology Co Ltd is headquartered in Shenzhen, China.
– Dongguan Chitwing Technology Co Ltd ($SZSE:002855)
Dongguan Chitwing Technology Co Ltd is a Chinese company that manufactures and sells electronic cigarettes and other vaping products. The company has a market cap of 2.24 billion as of 2022 and a return on equity of -16.31%. Dongguan Chitwing Technology Co Ltd is a publicly traded company on the Shenzhen Stock Exchange.
– Lucky Harvest Co Ltd ($SZSE:002965)
Lucky Harvest Co Ltd is a publicly traded company with a market capitalization of 9.54 billion as of 2022. The company has a return on equity of 6.74%. Lucky Harvest Co Ltd is engaged in the business of agriculture and food production. The company operates in China, Hong Kong, and Taiwan.
Summary
Proto Labs, Inc. (NYSE: PRLB) is an appealing investment opportunity due to its strong financials, innovative products, and diversified customer base. The company has been executing a well-thought-out strategy that has led to steady revenue growth, expanding operating margins, and increased profitability. The Louisiana State Employees Retirement System has recently invested $482,000 in Proto Labs stock, a possible indication of their confidence in the company’s continued success. With a solid balance sheet and strong cash flow, Proto Labs is well-positioned for continued growth in the coming years.
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