State Street Corp Has $89.77 Million Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

State Street Corp lifted its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,460 shares of the industrial products company's stock after buying an additional 4,007 shares during the period. State Street Corp owned approximately 3.70% of UFP Technologies worth $89,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of UFP Technologies by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company's stock valued at $21,250,000 after acquiring an additional 2,842 shares during the period. Intech Investment Management LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at approximately $1,176,000. Eagle Asset Management Inc. acquired a new stake in shares of UFP Technologies during the 3rd quarter worth approximately $9,791,000. BNP Paribas Financial Markets increased its stake in UFP Technologies by 217.2% in the third quarter. BNP Paribas Financial Markets now owns 7,842 shares of the industrial products company's stock valued at $2,484,000 after acquiring an additional 5,370 shares during the last quarter. Finally, Millennium Management LLC raised its position in UFP Technologies by 78.8% during the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company's stock valued at $7,047,000 after purchasing an additional 11,767 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a report on Monday.

Insider Buying and Selling

In related news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, valued at $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,326 shares of company stock worth $4,620,154 in the last 90 days. Insiders own 6.17% of the company's stock.

UFP Technologies Price Performance

UFP Technologies stock traded up $6.42 during mid-day trading on Tuesday, reaching $253.40. The company had a trading volume of 266,670 shares, compared to its average volume of 62,868. The business has a fifty day simple moving average of $299.71 and a 200 day simple moving average of $301.92. The company has a market cap of $1.94 billion, a P/E ratio of 34.91 and a beta of 0.99. UFP Technologies, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. 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 Company 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.