8,796 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,796 shares of the industrial products company’s stock, valued at approximately $1,774,000. Alberta Investment Management Corp owned about 0.11% of UFP Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Johnson Financial Group Inc. acquired a new stake in shares of UFP Technologies in the fourth quarter worth $42,000. Lazard Asset Management LLC purchased a new position in shares of UFP Technologies in the fourth quarter valued at $84,000. Park Square Financial Group LLC purchased a new position in shares of UFP Technologies in the fourth quarter valued at $107,000. Canada Pension Plan Investment Board boosted its stake in shares of UFP Technologies by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 100 shares during the period. Finally, Dakota Wealth Management purchased a new position in shares of UFP Technologies in the first quarter valued at $204,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the company a “buy” rating in a research note on Wednesday, May 7th.

Insider Buying and Selling

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president directly owned 12,585 shares in the company, valued at $2,770,210.20. This represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.40% of the stock is owned by company insiders.

UFP Technologies Trading Up 0.1%

NASDAQ UFPT opened at $226.57 on Monday. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.58 and a quick ratio of 1.45. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 27.73 and a beta of 1.14. The company’s fifty day moving average price is $238.77 and its two-hundred day moving average price is $233.49.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.42. UFP Technologies had a net margin of 11.59% and a return on equity of 21.27%. The firm had revenue of $148.15 million for the quarter, compared to the consensus estimate of $139.93 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.