UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,790 shares of the industrial products company's stock after purchasing an additional 4,572 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.27% of UFP Technologies worth $5,083,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UFPT. Barclays PLC grew its stake in shares of UFP Technologies by 390.6% during the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock valued at $4,098,000 after acquiring an additional 10,300 shares in the last quarter. SG Americas Securities LLC grew its stake in UFP Technologies by 95.6% in the fourth quarter. SG Americas Securities LLC now owns 2,220 shares of the industrial products company's stock worth $543,000 after purchasing an additional 1,085 shares in the last quarter. KBC Group NV grew its stake in UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock worth $92,000 after purchasing an additional 103 shares in the last quarter. Swedbank AB grew its stake in UFP Technologies by 33.3% in the fourth quarter. Swedbank AB now owns 80,000 shares of the industrial products company's stock worth $19,561,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new position in UFP Technologies in the fourth quarter worth about $26,395,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $220.12, for a total value of $324,236.76. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company's stock.

UFP Technologies Stock Performance

NASDAQ UFPT traded down $6.69 during trading hours on Monday, reaching $227.51. The company's stock had a trading volume of 119,228 shares, compared to its average volume of 90,599. The business has a 50-day simple moving average of $216.66 and a 200 day simple moving average of $243.31. The stock has a market cap of $1.75 billion, a PE ratio of 32.49 and a beta of 1.10. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41.

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

Analysts Set New Price Targets

UFPT has been the subject of a number of research reports. Lake Street Capital set a $252.00 price target on UFP Technologies and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Raymond James began coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating on the stock.

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.