American Century Companies Inc. grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 1,858.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,588 shares of the industrial products company's stock after acquiring an additional 272,902 shares during the quarter. American Century Companies Inc. owned 3.73% of UFP Technologies worth $58,010,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its position in UFP Technologies by 4.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock worth $425,000 after acquiring an additional 82 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of UFP Technologies by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after purchasing an additional 100 shares in the last quarter. Portside Wealth Group LLC raised its stake in shares of UFP Technologies by 5.4% during the 1st quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock worth $398,000 after purchasing an additional 101 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of UFP Technologies by 1.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company's stock worth $2,819,000 after purchasing an additional 163 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of UFP Technologies by 17.3% during the 1st quarter. Diversify Advisory Services LLC now owns 1,111 shares of the industrial products company's stock worth $235,000 after purchasing an additional 164 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.
UFP Technologies Trading Down 0.3%
Shares of UFP Technologies stock opened at $218.95 on Tuesday. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $366.41. The stock has a market cap of $1.69 billion, a P/E ratio of 25.37 and a beta of 1.14. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $235.10 and its 200-day moving average is $229.31.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.25. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%. The company had revenue of $151.18 million for the quarter, compared to analysts' expectations of $151.55 million. During the same quarter in the prior year, the business posted $1.86 EPS. The business's revenue was up 37.2% compared to the same quarter last year.
Analyst Ratings Changes
Separately, Lake Street Capital upped their price objective on UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th.
View Our Latest Report on UFPT
UFP Technologies Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Technologies, Inc. (NASDAQ:UFPT - Free Report).
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