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

Public Sector Pension Investment Board grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 20.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,119 shares of the industrial products company’s stock after purchasing an additional 5,174 shares during the period. Public Sector Pension Investment Board’s holdings in UFP Technologies were worth $6,012,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund raised its holdings in shares of UFP Technologies by 1.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,977 shares of the industrial products company’s stock valued at $794,000 after buying an additional 49 shares in the last quarter. State of Wyoming grew its position in UFP Technologies by 22.7% during the third 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 last quarter. Anchor Capital Advisors LLC raised its stake in shares of UFP Technologies by 1.6% during the third quarter. Anchor Capital Advisors LLC now owns 4,350 shares of the industrial products company’s stock worth $868,000 after acquiring an additional 70 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of UFP Technologies by 6.7% in the 2nd quarter. Bank of Montreal Can now owns 1,226 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 77 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of UFP Technologies by 3.8% in the 2nd quarter. Portside Wealth Group LLC now owns 2,209 shares of the industrial products company’s stock valued at $539,000 after purchasing an additional 81 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $245.83 on Thursday. The company’s fifty day simple moving average is $245.34 and its two-hundred day simple moving average is $222.56. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $275.81. The firm has a market cap of $1.90 billion, a PE 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.

Analysts Set New Price Targets

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

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.