UFP Technologies, Inc. $UFPT Shares Sold by Swedbank AB

Swedbank AB lowered its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,005 shares of the industrial products company’s stock after selling 25,000 shares during the quarter. Swedbank AB owned 2.08% of UFP Technologies worth $35,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies in the fourth quarter worth $28,000. Canada Pension Plan Investment Board acquired a new stake in shares of UFP Technologies in the second quarter worth $49,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of UFP Technologies in the third quarter worth $51,000. PNC Financial Services Group Inc. increased its stake in shares of UFP Technologies by 66.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 94 shares during the period. Finally, State of Wyoming increased its stake in shares of UFP Technologies by 22.7% in the third quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity

In other news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director owned 855 shares in the company, valued at $189,562.05. This trade represents a 77.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Price Performance

UFPT stock opened at $228.97 on Monday. The firm has a market cap of $1.77 billion, a PE ratio of 25.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. The firm’s fifty day moving average is $203.01 and its 200 day moving average is $223.42. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $274.93.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.18 by $0.30. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The company had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same quarter last year, the business earned $2.47 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, research analysts forecast that UFP Technologies, Inc. will post 10.23 EPS for the current year.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.