Amundi Boosts Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Amundi raised its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 197.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,812 shares of the industrial products company’s stock after purchasing an additional 2,529 shares during the quarter. Amundi’s holdings in UFP Technologies were worth $957,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings in UFP Technologies by 144.8% in the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after acquiring an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of UFP Technologies by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after purchasing an additional 2,842 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of UFP Technologies during the 3rd quarter worth about $1,176,000. Principal Financial Group Inc. grew its stake in UFP Technologies by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company’s stock worth $9,562,000 after buying an additional 1,444 shares during the period. Finally, Jane Street Group LLC increased its holdings in UFP Technologies by 32.2% in the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after purchasing an additional 2,822 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Performance

UFP Technologies stock opened at $214.69 on Thursday. UFP Technologies, Inc. has a 12-month low of $200.15 and a 12-month high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.63 and a beta of 1.15. The firm’s fifty day moving average price is $248.54 and its 200 day moving average price is $279.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $144.07 million for the quarter, compared to analysts’ expectations of $141.67 million.

Insider Activity

In related news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company’s stock, valued at $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.17% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Company 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.