UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 24.4% in the 4th quarter, Holdings Channel reports. The fund owned 8,312 shares of the industrial products company’s stock after buying an additional 1,629 shares during the period. Wells Fargo & Company MN’s holdings in UFP Technologies were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. MML Investors Services LLC purchased a new position in UFP Technologies in the 3rd quarter valued at about $219,000. Barclays PLC lifted its holdings in UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company’s stock valued at $4,098,000 after acquiring an additional 10,300 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of UFP Technologies during the 3rd quarter worth $792,000. Tidal Investments LLC boosted its stake in UFP Technologies by 28.4% during the third quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company’s stock worth $1,133,000 after buying an additional 792 shares during the period. Finally, Franklin Resources Inc. increased its holdings in UFP Technologies by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after purchasing an additional 26,001 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UFPT. Raymond James began coverage on shares of UFP Technologies in a research note on Friday, March 28th. They set a “market perform” rating on the stock. StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction dated 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 owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.17% of the company’s stock.

UFP Technologies Trading Down 0.0 %

Shares of UFP Technologies stock opened at $206.80 on Friday. The company’s 50-day simple moving average is $213.99 and its 200-day simple moving average is $256.98. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 29.50 and a beta of 1.08. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

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.