15,076 Shares in UFP Technologies, Inc. $UFPT Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 15,076 shares of UFP Technologies, Inc. valued at approximately $3,041,000, representing about 0.20% of the company by the end of the latest reporting period.
• UFP Technologies reported earnings of $2.50 per share for the quarter, surpassing analyst expectations, and experienced a 37.2% increase in revenue compared to the same quarter last year.
• Analysts at Lake Street Capital raised their price target for UFP Technologies from $252.00 to $289.00, maintaining a "buy" rating as part of a consensus average rating of "Moderate Buy."

Cubist Systematic Strategies LLC bought a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,076 shares of the industrial products company's stock, valued at approximately $3,041,000. Cubist Systematic Strategies LLC owned approximately 0.20% of UFP Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in UFP Technologies by 1,858.2% in the 1st quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company's stock valued at $58,010,000 after acquiring an additional 272,902 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of UFP Technologies by 98.4% during the 1st quarter. Boston Trust Walden Corp now owns 214,147 shares of the industrial products company's stock valued at $43,196,000 after purchasing an additional 106,197 shares during the last quarter. Royal Bank of Canada grew its position in shares of UFP Technologies by 508.8% during the fourth quarter. Royal Bank of Canada now owns 69,145 shares of the industrial products company's stock valued at $16,907,000 after purchasing an additional 57,787 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of UFP Technologies by 261.3% in the first quarter. Envestnet Asset Management Inc. now owns 75,194 shares of the industrial products company's stock worth $15,167,000 after purchasing an additional 54,382 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its position in shares of UFP Technologies by 70.3% in the first quarter. Annex Advisory Services LLC now owns 105,288 shares of the industrial products company's stock worth $21,238,000 after buying an additional 43,480 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital increased their price target on UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $289.00.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT traded up $0.16 on Thursday, reaching $201.37. The company's stock had a trading volume of 116,276 shares, compared to its average volume of 92,070. The company has a 50-day simple moving average of $224.36 and a 200 day simple moving average of $223.44. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. The company has a market cap of $1.55 billion, a P/E ratio of 23.33 and a beta of 1.20.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.25. The firm had revenue of $151.18 million during the quarter, compared to the consensus estimate of $151.55 million. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The firm's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS.

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.