Deutsche Bank AG Buys 2,214 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Deutsche Bank AG increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 50.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,625 shares of the industrial products company's stock after purchasing an additional 2,214 shares during the period. Deutsche Bank AG owned approximately 0.09% of UFP Technologies worth $1,620,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UFPT. Barclays PLC raised its position in UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock worth $4,098,000 after purchasing an additional 10,300 shares in the last quarter. SG Americas Securities LLC raised its position in UFP Technologies by 95.6% in the fourth quarter. SG Americas Securities LLC now owns 2,220 shares of the industrial products company's stock worth $543,000 after purchasing an additional 1,085 shares in the last quarter. Inspire Investing LLC raised its position in UFP Technologies by 29.9% in the fourth quarter. Inspire Investing LLC now owns 1,681 shares of the industrial products company's stock worth $411,000 after purchasing an additional 387 shares in the last quarter. Tributary Capital Management LLC acquired a new position in UFP Technologies in the fourth quarter worth about $122,000. Finally, KBC Group NV raised its position in UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock worth $92,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UFPT. Lake Street Capital set a $252.00 price objective on shares of UFP Technologies and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James assumed coverage on shares of UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating on the stock.

Insider Transactions at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. This represents a 79.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.40% of the company's stock.

UFP Technologies Trading Up 0.9%

UFPT stock traded up $2.22 during midday trading on Tuesday, reaching $236.64. The company's stock had a trading volume of 136,010 shares, compared to its average volume of 86,815. The business's 50-day simple moving average is $214.63 and its 200-day simple moving average is $245.95. The stock has a market cap of $1.82 billion, a PE ratio of 33.76 and a beta of 1.10. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.42. The company had revenue of $148.15 million for the quarter, compared to analysts' expectations of $139.93 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.