Fiera Capital Corp Has $9.30 Million Stock 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 lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,105 shares of the industrial products company's stock after acquiring an additional 5,105 shares during the quarter. Fiera Capital Corp owned 0.60% of UFP Technologies worth $9,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UFPT. Johnson Financial Group Inc. acquired a new position in UFP Technologies in the 4th quarter worth about $42,000. Lazard Asset Management LLC acquired a new position in UFP Technologies in the fourth quarter worth approximately $84,000. Park Square Financial Group LLC acquired a new stake in UFP Technologies in the fourth quarter valued at approximately $107,000. Canada Pension Plan Investment Board grew its position in UFP Technologies by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after acquiring an additional 100 shares in the last quarter. Finally, Level Four Advisory Services LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth $225,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Price Performance

NASDAQ:UFPT traded up $0.18 on Friday, reaching $226.57. The stock had a trading volume of 110,594 shares, compared to its average volume of 136,347. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.75 billion, a P/E ratio of 27.73 and a beta of 1.11. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The stock has a fifty day moving average price of $238.93 and a 200-day moving average price of $233.78.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted 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 the consensus estimate of $139.93 million. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%.

Insider Buying and Selling

In related news, SVP Christopher P. Litterio sold 1,473 shares of the business's stock in a transaction 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 sale, the senior vice president directly owned 12,585 shares of the company's stock, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.40% of the company's stock.

Analyst Ratings Changes

Separately, 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.

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.