Raymond James & Associates Has $3.79 Million Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Raymond James & Associates raised its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 8.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,001 shares of the industrial products company’s stock after acquiring an additional 1,778 shares during the period. Raymond James & Associates’ holdings in UFP Technologies were worth $3,785,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in UFP Technologies by 193.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock valued at $9,214,000 after purchasing an additional 37,590 shares during the period. EFG Asset Management North America Corp. acquired a new stake in UFP Technologies during the 3rd quarter valued at $1,196,000. Teachers Retirement System of The State of Kentucky raised its stake in UFP Technologies by 112.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,340 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 1,240 shares during the period. Alberta Investment Management Corp acquired a new stake in UFP Technologies during the 2nd quarter valued at $653,000. Finally, Congress Asset Management Co. MA raised its stake in UFP Technologies by 7.2% during the 3rd quarter. Congress Asset Management Co. MA now owns 58,915 shares of the industrial products company’s stock valued at $9,512,000 after purchasing an additional 3,946 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Trading Up 0.5 %

NASDAQ UFPT opened at $228.99 on Friday. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $257.29. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.75 billion, a PE ratio of 39.14 and a beta of 0.83. The firm’s fifty day simple moving average is $213.36 and its 200-day simple moving average is $180.61.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.12 by $0.41. The firm had revenue of $101.50 million for the quarter, compared to the consensus estimate of $94.80 million. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. As a group, sell-side analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other UFP Technologies news, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $209.48, for a total transaction of $5,674,813.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other UFP Technologies news, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $209.48, for a total transaction of $5,674,813.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Steve Cardin sold 311 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the transaction, the vice president now directly owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Insiders have sold 31,125 shares of company stock valued at $6,511,420 over the last three months. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UFPT. KeyCorp began coverage on shares of UFP Technologies in a research note on Tuesday, February 6th. They issued a “sector weight” rating on the stock. StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, CJS Securities began coverage on shares of UFP Technologies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target on the stock.

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.