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

Deutsche Bank AG grew its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in UFPT. Wasatch Advisors LP raised its holdings in UFP Technologies by 37.1% during the fourth quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock worth $141,007,000 after buying an additional 156,142 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of UFP Technologies by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock worth $136,309,000 after acquiring an additional 17,356 shares during the last quarter. Congress Asset Management Co. lifted its position in UFP Technologies by 14.2% in the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after acquiring an additional 35,022 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in UFP Technologies by 55.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company's stock valued at $43,625,000 after purchasing an additional 63,899 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in UFP Technologies by 48.1% during the 4th quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock valued at $33,338,000 after purchasing an additional 44,292 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now owns 12,585 shares of the company's stock, valued at $2,770,210.20. This represents a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.40% of the company's stock.

UFP Technologies Stock Up 1.9%

NASDAQ:UFPT traded up $4.30 on Thursday, hitting $233.24. The stock had a trading volume of 79,194 shares, compared to its average volume of 87,218. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The firm's fifty day simple moving average is $216.17 and its two-hundred day simple moving average is $245.01. The stock has a market cap of $1.80 billion, a P/E ratio of 33.27 and a beta of 1.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

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

UFP Technologies 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.