Franklin Resources Inc. lifted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 48.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,345 shares of the industrial products company's stock after buying an additional 44,292 shares during the quarter. Franklin Resources Inc. owned approximately 1.78% of UFP Technologies worth $33,338,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted 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 acquiring an additional 9,593 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in UFP Technologies by 4.4% in the 3rd 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 in the last quarter. Principal Financial Group Inc. grew its position in UFP Technologies by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock valued at $9,562,000 after purchasing an additional 1,444 shares during the last quarter. Jane Street Group LLC increased its stake in UFP Technologies by 32.2% during the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock valued at $3,668,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock worth $9,610,000 after buying an additional 30,372 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.
Insider Activity at UFP Technologies
In other news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now owns 1,785 shares of the company's stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.17% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Raymond James assumed coverage on shares of UFP Technologies in a report on Friday, March 28th. They set a "market perform" rating on the stock. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.
Read Our Latest Stock Report on UFPT
UFP Technologies Stock Performance
Shares of NASDAQ UFPT traded down $15.21 during trading on Thursday, reaching $196.71. 11,915 shares of the company traded hands, compared to its average volume of 77,975. 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 firm has a 50 day simple moving average of $227.66 and a 200-day simple moving average of $265.02. The stock has a market capitalization of $1.51 billion, a PE ratio of 28.25 and a beta of 1.08. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. The company had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.
About UFP Technologies
(
Free Report)
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.
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