Deutsche Bank AG Acquires 1,281 Shares of Patrick Industries, Inc. (NASDAQ:PATK)

Deutsche Bank AG, a multinational investment bank and financial services company headquartered in Frankfurt, Germany, has recently increased its holdings in Patrick Industries, Inc., a construction company based in the United States, by 13.8%. This was disclosed in the company's most recent Form 13F filing with the Securities & Exchange Commission (SEC).

According to the filing, Deutsche Bank AG owned 10,590 shares of Patrick Industries, Inc.'s stock after acquiring an additional 1,281 shares during the third quarter. This represents a significant increase in the bank's investment in the company.

Patrick Industries, Inc. is a leading provider of equipment and services to the construction industry in North America. The company operates through three segments: Equipment Rental Services, Construction Services, and Other Services. Its Equipment Rental Services segment provides equipment rentals for various applications, including heavy equipment, tools, and general equipment. The Construction Services segment offers design-build and construction management services for a variety of projects, including industrial, commercial, and residential construction. The Other Services segment includes various other activities, such as equipment sales and maintenance, and environmental services.

Deutsche Bank AG's investment in Patrick Industries, Inc. reflects the bank's confidence in the company's growth prospects and its ability to generate strong returns for its shareholders. The bank has a long history of investing in companies across various industries and geographies, and its investments are often seen as a signal of its belief in the potential of those companies to create value for their stakeholders.