Fiera Capital Corp Raises Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Key Points

• Fiera Capital Corp increased its stake in UFP Technologies by 12.5% in the first quarter, owning approximately 0.60% of the company worth $9.3 million.
• UFP Technologies reported earnings of $2.47 per share for the last quarter, exceeding expectations, with revenues of $148.15 million.
• Lake Street Capital set a new price target of $252.00 on UFP Technologies, indicating a "buy" rating for the stock.

Fiera Capital Corp grew its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,105 shares of the industrial products company's stock after buying an additional 5,105 shares during the quarter. Fiera Capital Corp owned 0.60% of UFP Technologies worth $9,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wasatch Advisors LP boosted its holdings in UFP Technologies by 37.1% during the 4th quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock valued at $141,007,000 after acquiring an additional 156,142 shares during the period. Boston Trust Walden Corp boosted its holdings in UFP Technologies by 98.4% during the 1st quarter. Boston Trust Walden Corp now owns 214,147 shares of the industrial products company's stock valued at $43,196,000 after acquiring an additional 106,197 shares during the period. Raymond James Financial Inc. acquired a new position in UFP Technologies during the 4th quarter worth $16,808,000. Price T Rowe Associates Inc. MD grew its stake in UFP Technologies by 55.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company's stock worth $43,625,000 after purchasing an additional 63,899 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in UFP Technologies by 508.8% during the 4th quarter. Royal Bank of Canada now owns 69,145 shares of the industrial products company's stock worth $16,907,000 after purchasing an additional 57,787 shares in the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the transaction, the senior vice president directly owned 12,585 shares of the company's stock, valued at approximately $2,770,210.20. This represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company's stock.

UFP Technologies Stock Up 0.1%

UFPT traded up $0.18 on Friday, hitting $226.57. 110,703 shares of the company were exchanged, compared to its average volume of 82,784. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 27.73 and a beta of 1.11. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $238.93 and a two-hundred day moving average price of $233.78.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.05 by $0.42. The firm had revenue of $148.15 million during the quarter, compared to analysts' expectations of $139.93 million. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%.

Wall Street Analyst Weigh In

Separately, Lake Street Capital set a $252.00 target price on UFP Technologies and gave the stock a "buy" rating in a research note on Wednesday, May 7th.

About UFP Technologies

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.