American Century Companies Inc. Sells 545 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

American Century Companies Inc. reduced its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 14,686 shares of the industrial products company’s stock after selling 545 shares during the period. American Century Companies Inc.’s holdings in UFP Technologies were worth $3,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Boston Trust Walden Corp bought a new position in shares of UFP Technologies during the 4th quarter valued at approximately $26,395,000. Raymond James Financial Inc. purchased a new position in UFP Technologies during the fourth quarter worth $16,808,000. Congress Asset Management Co. increased its position in UFP Technologies by 14.2% during the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock valued at $68,787,000 after acquiring an additional 35,022 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of 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 valued at $9,610,000 after acquiring an additional 30,372 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of UFP Technologies by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after acquiring an additional 26,001 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction 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 completion of the sale, 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 SEC, which is available at this hyperlink. 6.17% of the stock is owned by insiders.

Analysts Set New Price Targets

UFPT has been the topic of several analyst reports. Raymond James started coverage on shares of UFP Technologies in a report on Friday, March 28th. They set a “market perform” rating on the stock. StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Stock Down 3.5 %

Shares of UFPT opened at $186.83 on Monday. The firm has a fifty day moving average price of $235.04 and a 200-day moving average price of $269.13. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.43 billion, a P/E ratio of 26.65 and a beta of 1.08. UFP Technologies, Inc. has a 12-month low of $181.28 and a 12-month high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

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.