Montrusco Bolton Investments Inc. Has $4.51 Million Stock Position in UFP Technologies, Inc. $UFPT

Key Points

• Montrusco Bolton Investments cut its stake in UFP Technologies by 36.8% in Q4 and now owns 20,329 shares (~0.26%) valued at about $4.51 million.
• Other institutions reshuffled positions—Millennium Management added 51,741 shares to hold 93,773, and Jane Street increased its stake 383% to 23,605—leaving institutional investors with about 87.28% ownership of UFPT.
• UFP posted Q4 EPS of $2.44 (beat estimates by $0.18) with revenue up 3.4% YoY; the stock trades at a $1.54B market cap, PE 22.79, and carries a consensus "Hold" rating with an average target of $289.

Montrusco Bolton Investments Inc. lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 36.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,329 shares of the industrial products company's stock after selling 11,830 shares during the period. Montrusco Bolton Investments Inc. owned approximately 0.26% of UFP Technologies worth $4,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UFPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of UFP Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company's stock valued at $873,000 after purchasing an additional 190 shares during the period. Millennium Management LLC raised its holdings in shares of UFP Technologies by 123.1% during the first quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company's stock valued at $18,915,000 after purchasing an additional 51,741 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of UFP Technologies during the first quarter valued at about $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of UFP Technologies by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company's stock valued at $2,593,000 after purchasing an additional 1,327 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of UFP Technologies by 383.0% during the first quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company's stock valued at $4,761,000 after purchasing an additional 18,718 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Trading Up 1.0%

NASDAQ:UFPT opened at $200.06 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 1.52. The firm has a 50-day moving average of $205.84 and a 200-day moving average of $220.76. The company has a market cap of $1.54 billion, a PE ratio of 22.79 and a beta of 1.17. UFP Technologies, Inc. has a one year low of $182.87 and a one year high of $274.93.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Tuesday, February 24th. The industrial products company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.26 by $0.18. The company had revenue of $148.92 million during the quarter, compared to the consensus estimate of $149.07 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 earnings per share. As a group, equities research analysts expect that UFP Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UFPT. Zacks Research upgraded shares of UFP Technologies from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 14th. Wall Street Zen raised shares of UFP Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, UFP Technologies has a consensus rating of "Hold" and an average target price of $289.00.

UFP Technologies Company 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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