Illinois Municipal Retirement Fund Acquires 52 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Illinois Municipal Retirement Fund raised its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,256 shares of the industrial products company’s stock after purchasing an additional 52 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in UFP Technologies were worth $1,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPT. Creative Planning bought a new stake in UFP Technologies during the 3rd quarter valued at about $231,000. New York State Teachers Retirement System increased its stake in UFP Technologies by 8.7% during the 3rd quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock valued at $826,000 after purchasing an additional 208 shares in the last quarter. Portside Wealth Group LLC increased its stake in UFP Technologies by 11.1% during the 3rd quarter. Portside Wealth Group LLC now owns 1,875 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 187 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in UFP Technologies during the 3rd quarter valued at about $202,000. Finally, Geneva Capital Management LLC increased its stake in UFP Technologies by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company’s stock valued at $25,450,000 after purchasing an additional 243 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $227.59 on Monday. The firm’s 50-day moving average price is $257.08 and its 200-day moving average price is $289.89. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.75 billion, a PE ratio of 32.47 and a beta of 1.04. UFP Technologies, Inc. has a 52-week low of $188.50 and a 52-week high of $366.41.

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

Analyst Upgrades and Downgrades

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

UFP Technologies 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.