Janus Henderson Group PLC Purchases 7,008 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Janus Henderson Group PLC increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,860 shares of the industrial products company's stock after purchasing an additional 7,008 shares during the period. Janus Henderson Group PLC owned 0.40% of UFP Technologies worth $7,546,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new position in UFP Technologies during the fourth quarter worth $42,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the fourth quarter valued at $74,000. EverSource Wealth Advisors LLC boosted its holdings in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after buying an additional 66 shares during the period. Finally, KBC Group NV raised its holdings in UFP Technologies by 37.9% in the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 103 shares during the period. Institutional investors own 87.28% of the company's stock.

UFP Technologies Price Performance

NASDAQ:UFPT traded up $0.74 during trading hours on Friday, reaching $234.42. 86,534 shares of the company were exchanged, compared to its average volume of 86,447. The business has a 50 day moving average of $214.23 and a 200 day moving average of $248.08. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market capitalization of $1.81 billion, a P/E ratio of 33.44 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The company had revenue of $148.15 million for the quarter, compared to analyst estimates of $139.93 million.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Lake Street Capital set a $252.00 price objective on UFP Technologies and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. Finally, Raymond James began coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating for the company.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares of the company's stock, valued at $407,711.85. This trade represents a 79.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $220.12, for a total value of $324,236.76. Following the sale, the senior vice president now owns 12,585 shares in the company, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

UFP Technologies 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.