Deutsche Bank AG Makes New Investment in UFP Technologies, Inc. $UFPT

Key Points

• Deutsche Bank purchased 8,568 shares of UFP Technologies in the second quarter, establishing a stake worth approximately $2.27 million. Institutional investors collectively own 87.28% of the company.
• UFP Technologies reported quarterly earnings of $2.92 per share, exceeding estimates of $2.31, while revenue of $173.96 million also surpassed expectations.
• Shares opened at $299.95, down 1.5%, while analysts maintain a consensus “Hold” rating. Company directors sold shares recently, contributing to $8.46 million in insider sales over the last quarter.

Deutsche Bank AG purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,568 shares of the industrial products company's stock, valued at approximately $2,272,000. Deutsche Bank AG owned about 0.11% of UFP Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UFPT. Global Retirement Partners LLC acquired a new stake in UFP Technologies in the fourth quarter valued at about $28,000. Versant Capital Management Inc increased its position in UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company's stock worth $44,000 after purchasing an additional 155 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company's stock worth $41,000 after buying an additional 165 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of UFP Technologies in the 2nd quarter valued at approximately $49,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of UFP Technologies by 66.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company's stock valued at $52,000 after buying an additional 94 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Marc D. Kozin sold 7,000 shares of UFP Technologies stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the sale, the director directly owned 21,112 shares in the company, valued at $6,428,604. The trade was a 24.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cynthia L. Feldmann sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the transaction, the director directly owned 4,476 shares of the company's stock, valued at approximately $1,451,387.76. This represents a 18.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,119 shares of company stock valued at $8,460,232 over the last quarter. 4.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of UFP Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, UFP Technologies has a consensus rating of "Hold".

UFP Technologies Stock Down 1.5%

UFPT stock opened at $299.95 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The firm has a market capitalization of $2.32 billion, a PE ratio of 32.32 and a beta of 1.08. The company's 50 day simple moving average is $274.01 and its 200-day simple moving average is $235.74.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The firm had revenue of $173.96 million for the quarter, compared to analysts' expectations of $159.38 million. Equities analysts expect that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

About UFP Technologies

UFP Technologies, Inc NASDAQ: UFPT is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

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