Massachusetts Financial Services Co. MA Purchases 14,928 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Massachusetts Financial Services Co. MA raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,574 shares of the industrial products company's stock after buying an additional 14,928 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.35% of UFP Technologies worth $25,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UFPT. FMR LLC grew its holdings in shares of UFP Technologies by 54.6% during the third quarter. FMR LLC now owns 1,178 shares of the industrial products company's stock worth $373,000 after purchasing an additional 416 shares in the last quarter. Point72 DIFC Ltd bought a new stake in UFP Technologies during the third quarter valued at approximately $133,000. Stifel Financial Corp grew its stake in UFP Technologies by 19.6% in the 3rd quarter. Stifel Financial Corp now owns 2,878 shares of the industrial products company's stock worth $911,000 after buying an additional 471 shares in the last quarter. State Street Corp increased its holdings in shares of UFP Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock worth $89,772,000 after buying an additional 4,007 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of 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 buying an additional 2,822 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

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UFP Technologies Trading Up 1.9 %

Shares of UFPT traded up $3.84 during mid-day trading on Friday, reaching $209.42. The company's stock had a trading volume of 79,261 shares, compared to its average volume of 78,443. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The stock has a market cap of $1.61 billion, a PE ratio of 29.87 and a beta of 1.08. The company's fifty day moving average price is $224.95 and its two-hundred day moving average price is $263.31. 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 (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares of the company's stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UFPT has been the subject of several research reports. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. Raymond James started coverage on UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating for the company.

About UFP Technologies

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.