Quantbot Technologies LP Increases Position in UFP Technologies, Inc. $UFPT

Key Points

• Quantbot Technologies LP increased its stake in UFP Technologies, Inc. by 129.9%, acquiring an additional 3,789 shares to reach a total of 6,705 shares worth approximately $1.35 million.
• UFP Technologies reported a 37.2% year-over-year revenue increase, with a quarterly earnings per share (EPS) of $2.50, surpassing analysts' consensus estimates.
• Lake Street Capital raised its price target for UFP Technologies from $252.00 to $289.00 and currently rates the stock as a "buy."

Quantbot Technologies LP grew its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 129.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,705 shares of the industrial products company's stock after acquiring an additional 3,789 shares during the quarter. Quantbot Technologies LP owned about 0.09% of UFP Technologies worth $1,352,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Alliance Wealth Advisors LLC UT boosted its position in shares of UFP Technologies by 2.0% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company's stock valued at $623,000 after acquiring an additional 62 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in UFP Technologies by 4.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock worth $425,000 after buying an additional 82 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in UFP Technologies by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after buying an additional 100 shares during the last quarter. Portside Wealth Group LLC lifted its position in UFP Technologies by 5.4% in the 1st quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock worth $398,000 after buying an additional 101 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in UFP Technologies by 1.4% in 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 buying an additional 163 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of UFPT stock traded down $5.95 on Wednesday, hitting $212.48. The company had a trading volume of 36,566 shares, compared to its average volume of 134,725. The firm has a market cap of $1.64 billion, a P/E ratio of 24.53 and a beta of 1.14. The company has a 50-day moving average price of $233.20 and a 200-day moving average price of $227.34. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.25. The business had revenue of $151.18 million during the quarter, compared to analysts' expectations of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The company's revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $289.00.

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.