UFP Technologies, Inc. $UFPT Shares Acquired by Swedbank AB

Key Points

• Swedbank AB has significantly increased its stake in UFP Technologies, Inc. by 68.8%, now owning 135,000 shares valued at approximately $27.23 million.
• UFP Technologies recently reported earnings of $2.50 per share, surpassing analyst expectations of $2.25, with a revenue growth of 37.2% year-over-year.
• Lake Street Capital has raised its price target on UFP Technologies' stock from $252 to $289, maintaining a "buy" rating in light of the company's performance.

Swedbank AB increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 68.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 135,000 shares of the industrial products company's stock after buying an additional 55,000 shares during the period. Swedbank AB owned about 1.75% of UFP Technologies worth $27,231,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of UFPT. BNP Paribas Financial Markets lifted its holdings in shares of UFP Technologies by 31.0% in the 4th quarter. BNP Paribas Financial Markets now owns 10,270 shares of the industrial products company's stock worth $2,511,000 after purchasing an additional 2,428 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of UFP Technologies in the 4th quarter worth approximately $340,000. Deutsche Bank AG lifted its holdings in shares of UFP Technologies by 50.2% in the 4th quarter. Deutsche Bank AG now owns 6,625 shares of the industrial products company's stock worth $1,620,000 after purchasing an additional 2,214 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of UFP Technologies by 29.4% in the 4th quarter. Janus Henderson Group PLC now owns 30,860 shares of the industrial products company's stock worth $7,546,000 after purchasing an additional 7,008 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of UFP Technologies in the 4th quarter worth approximately $84,000. Institutional investors own 87.28% of the company's stock.

UFP Technologies Price Performance

Shares of UFPT stock traded down $2.88 during mid-day trading on Thursday, hitting $202.08. 38,325 shares of the stock traded hands, compared to its average volume of 132,412. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 23.46 and a beta of 1.20. The company's 50-day simple moving average is $220.82 and its 200-day simple moving average is $222.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results 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. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The company had revenue of $151.18 million for the quarter, compared to analysts' expectations of $151.55 million. During the same period last year, the firm earned $1.86 EPS. The firm's revenue for the quarter was up 37.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

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