5 Best 3D Printing Stocks To Invest In

In this article, we will take a look at the 5 best 3D printing stocks to invest in. To see more such companies, go directly to 13 Best 3D Printing Stocks To Invest In.

5. United Parcel Service Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 47

United Parcel Service, Inc. (NYSE:UPS) has invested heavily in 3D printing over the years. In 2016, Reuters had reported that United Parcel Service, Inc. (NYSE:UPS) was starting to invest in 3D printing amid competition and risks to its storage and parts shipping business. In 2020, SAP combined its supply chain software with United Parcel Service, Inc. (NYSE:UPS)’s industrial manufacturing and logistics networks to create an ‘on demand’ 3D printing service.

United Parcel Service, Inc. (NYSE:UPS) has a partnership with additive manufacturing solutions company Fast Radius, under which the company provides automated 3D printing with direct digital manufacturing at industrial-scale volume.

ClearBridge Large Cap Value Strategy made the following comment about United Parcel Service, Inc. (NYSE:UPS) in its Q3 2023 investor letter:

“A higher-for-longer rate mentality taking hold was a headwind for economically sensitive stocks. Rising wages have been one of the main drivers of inflation, and this has proved to be a sticky area, keeping the Fed’s attention and weighing on share prices. For example, United Parcel Service, Inc. (NYSE:UPS) renegotiated a wage increase for its union-backed workforce this summer, which weighed on margins that were already being constricted by slowing volumes. While the new union deal will dampen profits over the next 12 months due to the front-end-loaded nature of the new five-year contract, management gained increased flexibility to deploy automation, which we think should further enhance UPS’s strong competitive position and provide a long-term tailwind to profitability.”