Congress Asset Management Co. Has $68.79 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Congress Asset Management Co. raised its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 281,325 shares of the industrial products company's stock after acquiring an additional 35,022 shares during the quarter. Congress Asset Management Co. owned about 3.67% of UFP Technologies worth $68,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UFPT. Public Employees Retirement System of Ohio raised its holdings in UFP Technologies by 144.8% in the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company's stock worth $5,136,000 after purchasing an additional 9,593 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in UFP Technologies by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company's stock worth $21,250,000 after purchasing an additional 2,842 shares during the period. Intech Investment Management LLC acquired a new stake in UFP Technologies in the third quarter worth $1,176,000. Jane Street Group LLC raised its holdings in UFP Technologies by 32.2% in the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock worth $3,668,000 after purchasing an additional 2,822 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in UFP Technologies in the third quarter worth $9,791,000. 87.28% of the stock is owned by institutional investors.

UFP Technologies Stock Up 1.3 %

Shares of NASDAQ:UFPT traded up $3.27 during midday trading on Wednesday, reaching $260.35. 88,812 shares of the company were exchanged, compared to its average volume of 96,422. UFP Technologies, Inc. has a fifty-two week low of $186.21 and a fifty-two week high of $366.41. 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 stock has a fifty day simple moving average of $259.40 and a two-hundred day simple moving average of $293.52. The firm has a market cap of $2.00 billion, a PE ratio of 37.14 and a beta of 1.04.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report 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.