Massachusetts Financial Services Co. MA Grows Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Massachusetts Financial Services Co. MA boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 16.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,574 shares of the industrial products company’s stock after acquiring an additional 14,928 shares during the period. Massachusetts Financial Services Co. MA’s holdings in UFP Technologies were worth $25,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AlphaQuest LLC bought a new position in shares of UFP Technologies during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC purchased a new stake in shares of UFP Technologies in the fourth quarter worth about $74,000. EverSource Wealth Advisors LLC boosted its stake in UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after buying an additional 66 shares during the last quarter. KBC Group NV grew its holdings in UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock valued at $92,000 after buying an additional 103 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of UFP Technologies during the 3rd quarter worth approximately $133,000. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. This represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UFPT. StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Raymond James initiated coverage on shares of UFP Technologies in a research note on Friday, March 28th. They issued a “market perform” rating for the company.

UFP Technologies Trading Down 3.5 %

Shares of UFPT stock opened at $186.83 on Monday. The company has a market cap of $1.43 billion, a PE ratio of 26.65 and a beta of 1.08. UFP Technologies, Inc. has a 1 year low of $180.01 and a 1 year high of $366.41. The stock’s 50 day simple moving average is $235.04 and its two-hundred day simple moving average is $269.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share 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 analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

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.