Quantbot Technologies LP Purchases 3,789 Shares of 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 boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 129.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,705 shares of the industrial products company's stock after buying an additional 3,789 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of UFP Technologies worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPT. Wells Fargo & Company MN raised its position in UFP Technologies by 24.4% in the 4th quarter. Wells Fargo & Company MN now owns 8,312 shares of the industrial products company's stock valued at $2,032,000 after buying an additional 1,629 shares during the last quarter. Barclays PLC raised its position in UFP Technologies by 3.9% in the 4th quarter. Barclays PLC now owns 13,437 shares of the industrial products company's stock valued at $3,285,000 after buying an additional 500 shares during the last quarter. Mariner LLC purchased a new stake in UFP Technologies in the 4th quarter valued at $354,000. Canada Pension Plan Investment Board raised 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 valued at $122,000 after buying an additional 100 shares during the last quarter. Finally, First Trust Advisors LP raised its position in UFP Technologies by 13.3% in the 4th quarter. First Trust Advisors LP now owns 18,663 shares of the industrial products company's stock valued at $4,563,000 after buying an additional 2,190 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Performance

Shares of UFPT stock traded up $0.24 on Thursday, hitting $214.81. 32,215 shares of the stock were exchanged, compared to its average volume of 134,358. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.66 billion, a PE ratio of 24.85 and a beta of 1.14. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The firm's 50 day moving average is $232.69 and its two-hundred day moving average is $227.25.

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

Wall Street Analysts Forecast Growth

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

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.