Public Sector Pension Investment Board Purchases 5,174 Shares of UFP Technologies, Inc. $UFPT

Public Sector Pension Investment Board boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 20.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,119 shares of the industrial products company’s stock after acquiring an additional 5,174 shares during the period. Public Sector Pension Investment Board owned 0.39% of UFP Technologies worth $6,012,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UFPT. Nisa Investment Advisors LLC increased its stake in shares of UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 90 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in UFP Technologies by 179.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after buying an additional 111 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in UFP Technologies in the 2nd quarter valued at approximately $49,000. State of Wyoming raised its holdings in UFP Technologies by 22.7% during the 3rd quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 63 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of UFP Technologies in the third quarter worth $108,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UFPT. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Wall Street Zen cut UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, UFP Technologies currently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Price Performance

UFP Technologies stock opened at $245.83 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.11. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $245.34 and a 200 day simple moving average of $222.56. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $275.81.

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.