Invesco Ltd. Trims Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Invesco Ltd. trimmed its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,861 shares of the industrial products company's stock after selling 38,680 shares during the period. Invesco Ltd. owned approximately 2.28% of UFP Technologies worth $42,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in UFP Technologies by 60.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,812 shares of the industrial products company's stock valued at $5,089,000 after purchasing an additional 7,865 shares during the period. Wells Fargo & Company MN boosted its stake in shares of UFP Technologies by 24.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,312 shares of the industrial products company's stock worth $2,032,000 after purchasing an additional 1,629 shares during the period. Integrated Quantitative Investments LLC bought a new stake in UFP Technologies in the fourth quarter worth about $1,274,000. Arete Wealth Advisors LLC increased its stake in UFP Technologies by 5.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company's stock worth $233,000 after purchasing an additional 49 shares during the period. Finally, Motley Fool Asset Management LLC boosted its position in UFP Technologies by 10.4% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,480 shares of the industrial products company's stock valued at $2,073,000 after buying an additional 800 shares during the period. 87.28% of the stock is owned by institutional investors.

UFP Technologies Price Performance

NASDAQ:UFPT traded down $4.82 during trading hours on Tuesday, reaching $205.81. 94,903 shares of the company were exchanged, compared to its average volume of 79,041. The firm has a market cap of $1.58 billion, a PE ratio of 29.36 and a beta of 1.08. The stock's 50-day moving average is $217.00 and its 200-day moving average is $258.43. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.01 by $0.45. The firm had revenue of $144.07 million during 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%.

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.17% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James began 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 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.