Universal Beteiligungs und Servicegesellschaft mbH Takes $815,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested $815,000 in UFP Technologies, acquiring approximately 4,040 shares, which represents about 0.05% ownership of the company.
• UFP Technologies reported $2.47 earnings per share, exceeding analyst expectations of $2.05, with a revenue of $148.15 million for the quarter.
• A "buy" rating and a target price of $252.00 per share were set by Lake Street Capital for UFP Technologies, reflecting positive analyst sentiment.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,040 shares of the industrial products company's stock, valued at approximately $815,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of UFP Technologies at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arete Wealth Advisors LLC lifted its holdings in UFP Technologies by 5.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company's stock worth $233,000 after buying an additional 49 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of UFP Technologies by 4.0% during the first quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 82 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of UFP Technologies by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 100 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in shares of UFP Technologies by 5.4% during the first quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock valued at $398,000 after purchasing an additional 101 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of UFP Technologies by 1.4% during the fourth 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 valued at $2,819,000 after purchasing an additional 163 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the company a "buy" rating in a report on Wednesday, May 7th.

Insider Buying and Selling

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

UFP Technologies Stock Up 11.6%

NASDAQ UFPT traded up $26.35 during mid-day trading on Tuesday, reaching $252.62. The stock had a trading volume of 127,602 shares, compared to its average volume of 136,050. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The stock has a market cap of $1.95 billion, a PE ratio of 31.01 and a beta of 1.14. The company has a fifty day moving average price of $238.61 and a 200 day moving average price of $233.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.58 and a quick ratio of 1.45.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Monday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.25. The business had revenue of $151.18 million during the quarter, compared to the consensus estimate of $151.55 million. UFP Technologies had a net margin of 11.59% and a return on equity of 21.27%. The firm's revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS.

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.