Motley Fool Wealth Management LLC Lowers Stock Holdings in UFP Technologies, Inc. $UFPT

Motley Fool Wealth Management LLC lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPTFree Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,081 shares of the industrial products company’s stock after selling 2,893 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.21% of UFP Technologies worth $3,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UFPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of UFP Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company’s stock worth $873,000 after buying an additional 190 shares during the last quarter. Millennium Management LLC grew its holdings in shares of UFP Technologies by 123.1% during the first quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock worth $18,915,000 after buying an additional 51,741 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of UFP Technologies during the first quarter worth about $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UFP Technologies by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company’s stock worth $2,593,000 after buying an additional 1,327 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of UFP Technologies by 383.0% during the first quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company’s stock worth $4,761,000 after buying an additional 18,718 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In other UFP Technologies news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director owned 855 shares of the company’s stock, valued at approximately $189,562.05. The trade was a 77.01% 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. Corporate insiders own 4.40% of the company’s stock.

Wall Street Analyst Weigh In

UFPT has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $289.00.

View Our Latest Stock Report on UFP Technologies

UFP Technologies Price Performance

Shares of UFPT opened at $231.12 on Wednesday. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $274.93. The stock’s 50 day moving average is $209.86 and its two-hundred day moving average is $223.00. The firm has a market capitalization of $1.79 billion, a PE ratio of 26.23 and a beta of 1.11. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPTGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The company had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same quarter in the previous year, the company earned $2.47 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Research analysts anticipate that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

UFP Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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