7,475 Shares in UFP Technologies, Inc. $UFPT Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 7,475 shares of UFP Technologies worth approximately $1.98 million, while institutional investors and hedge funds collectively owned 87.28% of the company.
• UFP Technologies reported quarterly EPS of $2.92, surpassing estimates of $2.31, and revenue of $173.96 million, above the $159.38 million consensus forecast. The stock was trading at $309.13, up 1.6%.
• Insiders sold 20,119 shares worth $6.33 million over the past 90 days, and analysts maintained an overall “Hold” rating despite one recent upgrade to “Buy.”

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,475 shares of the industrial products company's stock, valued at approximately $1,982,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.10% of UFP Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPT. Silvant Capital Management LLC acquired a new stake in UFP Technologies during the 2nd quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in shares of UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company's stock valued at $44,000 after buying an additional 155 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company's stock valued at $41,000 after buying an additional 165 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of UFP Technologies during the 2nd quarter valued at approximately $49,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Trading Up 1.6%

NASDAQ:UFPT opened at $309.13 on Friday. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $338.71. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 33.31 and a beta of 1.08. The business has a fifty day moving average of $268.38 and a 200-day moving average of $234.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.61. The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. Equities analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Insiders Place Their Bets

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the transaction, the director directly owned 4,476 shares of the company's stock, valued at approximately $1,451,387.76. This trade represents a 18.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Symeria Hudson sold 298 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $319.11, for a total value of $95,094.78. Following the transaction, the director directly owned 927 shares of the company's stock, valued at approximately $295,814.97. The trade was a 24.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,119 shares of company stock worth $6,328,732 over the last ninety days. Company insiders own 4.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

UFP Technologies Profile

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.

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