UFP Technologies, Inc. (NASDAQ:UFPT) Stake Lifted by Fiera Capital Corp

Fiera Capital Corp increased its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,105 shares of the industrial products company’s stock after buying an additional 5,105 shares during the quarter. Fiera Capital Corp’s holdings in UFP Technologies were worth $9,300,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in UFP Technologies during the 1st quarter worth $2,971,000. Farther Finance Advisors LLC boosted its position in UFP Technologies by 422.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 959 shares during the period. Principal Financial Group Inc. boosted its position in UFP Technologies by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 40,274 shares of the industrial products company’s stock worth $8,124,000 after acquiring an additional 1,166 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in UFP Technologies by 25.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 212 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in UFP Technologies during the 1st quarter worth $564,000. 87.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital set a $252.00 price objective on UFP Technologies and gave the company a “buy” rating in a report on Wednesday, May 7th.

Insider Activity at UFP Technologies

In related 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 directly owned 12,585 shares of the company’s stock, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

UFP Technologies Trading Down 2.9%

Shares of UFP Technologies stock opened at $237.67 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 29.09 and a beta of 1.11. The business has a fifty day simple moving average of $239.02 and a 200-day simple moving average of $233.92. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. The business had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

UFP Technologies Company 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.