UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 67,954 shares of the industrial products company’s stock after buying an additional 855 shares during the period. Charles Schwab Investment Management Inc. owned about 0.89% of UFP Technologies worth $16,615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. KBC Group NV boosted its stake in UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 81 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in UFP Technologies during the 3rd quarter worth $1,503,000. Advisors Asset Management Inc. increased its position in UFP Technologies by 39.2% in the third quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock worth $130,000 after buying an additional 116 shares during the period. Moran Wealth Management LLC lifted its stake in UFP Technologies by 19.2% in the third quarter. Moran Wealth Management LLC now owns 2,908 shares of the industrial products company’s stock valued at $921,000 after buying an additional 468 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of UFP Technologies during the third quarter valued at $1,176,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $212.62 on Friday. UFP Technologies, Inc. has a 12-month low of $200.15 and a 12-month high of $366.41. The company has a market cap of $1.63 billion, a PE ratio of 30.33 and a beta of 1.15. The stock has a 50 day simple moving average of $247.78 and a 200-day simple moving average of $278.95. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (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 company had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million.

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.