Renaissance Group LLC Has $8.45 Million Holdings in UFP Technologies, Inc. $UFPT

Renaissance Group LLC lessened its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPTFree Report) by 9.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 38,064 shares of the industrial products company’s stock after selling 3,775 shares during the quarter. Renaissance Group LLC’s holdings in UFP Technologies were worth $8,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in UFP Technologies by 60.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock worth $37,115,000 after buying an additional 62,472 shares during the last quarter. Public Sector Pension Investment Board increased its position in UFP Technologies by 20.7% during the third quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company’s stock worth $6,012,000 after buying an additional 5,174 shares during the last quarter. Principal Financial Group Inc. increased its position in UFP Technologies by 7.6% during the third quarter. Principal Financial Group Inc. now owns 45,205 shares of the industrial products company’s stock worth $9,023,000 after buying an additional 3,183 shares during the last quarter. UBS Group AG boosted its holdings in shares of UFP Technologies by 22.4% during the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock worth $42,053,000 after acquiring an additional 34,715 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in shares of UFP Technologies by 32.4% during the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after acquiring an additional 107,908 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Trading Up 0.6%

Shares of NASDAQ:UFPT opened at $232.48 on Thursday. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $274.93. The stock has a market cap of $1.80 billion, a PE ratio of 26.39 and a beta of 1.11. The business has a 50 day moving average of $210.77 and a 200-day moving average of $223.16. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPTGet Free Report) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The company had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $154.78 million. During the same quarter in the previous year, the company posted $2.47 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, equities research analysts forecast that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UFPT shares. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $289.00.

View Our Latest Stock Report on UFPT

Insider Activity

In related news, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the sale, the director directly owned 855 shares in the company, valued at approximately $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.40% of the company’s stock.

UFP Technologies Company Profile

(Free Report)

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

See Also

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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