Royal Bank of Canada Has $15.33 Million Stock Position in UFP Technologies, Inc. $UFPT

Royal Bank of Canada lowered its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 12.5% during the first quarter, Holdings Channel reports. The firm owned 79,179 shares of the industrial products company’s stock after selling 11,343 shares during the period. Royal Bank of Canada’s holdings in UFP Technologies were worth $15,329,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in UFP Technologies during the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its stake in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 165 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies during the 2nd quarter valued at about $49,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of UFP Technologies during the 3rd quarter valued at about $51,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of UFP Technologies by 66.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 94 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UFPT has been the subject of several analyst reports. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies has an average rating of “Hold”.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $314.01 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.00 and a quick ratio of 1.69. The company has a market cap of $2.43 billion, a PE ratio of 33.84 and a beta of 1.08. The firm has a fifty day moving average price of $250.24 and a two-hundred day moving average price of $230.32. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $338.71.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. The company had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Insider Activity

In other news, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the sale, the director owned 5,476 shares of the company’s stock, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director owned 855 shares in the company, valued at approximately $189,562.05. This represents a 77.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.59% of the company’s stock.

About UFP Technologies

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.