UFP Technologies, Inc. $UFPT Stake Cut by Deutsche Bank AG

Deutsche Bank AG cut its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,039 shares of the industrial products company’s stock after selling 586 shares during the quarter. Deutsche Bank AG owned 0.08% of UFP Technologies worth $1,218,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new position in UFP Technologies during the first quarter worth $1,774,000. Vestcor Inc increased its position in UFP Technologies by 309.6% in the first quarter. Vestcor Inc now owns 4,526 shares of the industrial products company’s stock worth $913,000 after buying an additional 3,421 shares during the period. XTX Topco Ltd acquired a new stake in UFP Technologies in the first quarter worth $464,000. De Lisle Partners LLP increased its position in UFP Technologies by 17.9% in the first quarter. De Lisle Partners LLP now owns 79,802 shares of the industrial products company’s stock worth $16,114,000 after buying an additional 12,129 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in UFP Technologies in the first quarter worth $690,000. 87.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.00.

UFP Technologies Price Performance

Shares of UFPT opened at $225.74 on Friday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 26.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The stock’s fifty day moving average is $233.88 and its 200-day moving average is $228.04.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Monday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.25. The company had revenue of $151.18 million for the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The company’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share.

About UFP Technologies

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.