Kestra Private Wealth Services LLC Raises Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Kestra Private Wealth Services LLC increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 48.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the industrial products company’s stock after purchasing an additional 650 shares during the period. Kestra Private Wealth Services LLC’s holdings in UFP Technologies were worth $344,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mountain Pacific Investment Advisers Inc. ID raised its stake in shares of UFP Technologies by 46.0% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,360 shares of the industrial products company’s stock worth $12,105,000 after buying an additional 22,163 shares in the last quarter. Peterson Wealth Services acquired a new stake in UFP Technologies in the fourth quarter valued at $204,000. Charles Schwab Investment Management Inc. boosted its position in shares of UFP Technologies by 193.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock worth $9,214,000 after purchasing an additional 37,590 shares in the last quarter. EFG Asset Management North America Corp. acquired a new position in shares of UFP Technologies during the 3rd quarter worth $1,196,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of UFP Technologies by 112.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,340 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Ratings Changes

UFPT has been the topic of a number of research analyst reports. StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. KeyCorp started coverage on UFP Technologies in a research note on Tuesday, February 6th. They issued a “sector weight” rating for the company. Finally, CJS Securities assumed coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 target price on the stock.

Insider Activity at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 27,090 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $209.48, for a total value of $5,674,813.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Steve Cardin sold 311 shares of UFP Technologies stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares of the company’s stock, valued at $1,108,849.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The disclosure for this sale can be found here. Insiders have sold a total of 31,125 shares of company stock valued at $6,511,420 over the last quarter. Insiders own 7.80% of the company’s stock.

UFP Technologies Stock Performance

Shares of UFPT opened at $253.04 on Wednesday. The company has a 50-day moving average of $225.85 and a two-hundred day moving average of $189.10. The stock has a market cap of $1.94 billion, a P/E ratio of 40.68 and a beta of 0.90. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $268.34. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The firm had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. UFP Technologies had a return on equity of 17.75% and a net margin of 11.75%. As a group, research analysts predict that UFP Technologies, Inc. will post 6.19 EPS for the current fiscal year.

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.