UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 6.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,100 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. Swiss National Bank’s holdings in UFP Technologies were worth $3,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of UFP Technologies by 144.8% during the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after buying an additional 9,593 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of UFP Technologies by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after buying an additional 2,842 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of UFP Technologies during the 3rd quarter valued at about $1,176,000. Principal Financial Group Inc. lifted its position in UFP Technologies by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company’s stock worth $9,562,000 after acquiring an additional 1,444 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in UFP Technologies by 32.2% in the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock worth $3,668,000 after acquiring an additional 2,822 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Down 0.4 %

NASDAQ UFPT opened at $209.66 on Wednesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 12 month low of $198.10 and a 12 month high of $366.41. The company’s fifty day moving average price is $245.47 and its two-hundred day moving average price is $275.64.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Insider Transactions at UFP Technologies

In other news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value 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 trade represents a 79.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

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.