UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,954 shares of the industrial products company’s stock after acquiring an additional 855 shares during the period. Charles Schwab Investment Management Inc.’s holdings in UFP Technologies were worth $16,615,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in shares of UFP Technologies in the 3rd quarter worth $56,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in UFP Technologies by 97.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after buying an additional 133 shares during the period. KBC Group NV raised its holdings in UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after buying an additional 81 shares during the period. Finally, Principal Securities Inc. increased its position in shares of UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.17% of the company’s stock.

UFP Technologies Stock Down 1.0 %

NASDAQ:UFPT opened at $212.62 on Friday. The business’s fifty day moving average price is $247.78 and its 200 day moving average price is $278.95. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 30.33 and a beta of 1.15. 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, Inc. has a 1-year low of $200.15 and a 1-year high of $366.41.

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

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.