UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Cut by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in UFP Technologies, Inc. (NASDAQ:UFPTFree Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,506 shares of the industrial products company’s stock after selling 1,123 shares during the quarter. Franklin Resources Inc. owned approximately 0.22% of UFP Technologies worth $2,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in UFP Technologies by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company’s stock worth $81,941,000 after buying an additional 12,420 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of UFP Technologies by 10.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 107,705 shares of the industrial products company’s stock valued at $17,388,000 after purchasing an additional 10,141 shares in the last quarter. Geneva Capital Management LLC raised its holdings in shares of UFP Technologies by 72.5% during the 4th quarter. Geneva Capital Management LLC now owns 82,385 shares of the industrial products company’s stock valued at $14,174,000 after purchasing an additional 34,622 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of UFP Technologies by 46.0% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,360 shares of the industrial products company’s stock valued at $12,105,000 after purchasing an additional 22,163 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of UFP Technologies by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 66,557 shares of the industrial products company’s stock valued at $10,746,000 after purchasing an additional 4,769 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on UFP Technologies

Insider Transactions at UFP Technologies

In other news, VP Steve Cardin sold 311 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the transaction, the vice president now owns 5,643 shares in the company, valued at approximately $1,108,849.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.17% of the company’s stock.

UFP Technologies Stock Down 0.3 %

UFP Technologies stock opened at $260.36 on Monday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 41.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.46. UFP Technologies, Inc. has a fifty-two week low of $127.29 and a fifty-two week high of $268.34. The firm has a fifty day moving average price of $243.89 and a two-hundred day moving average price of $203.27.

UFP Technologies (NASDAQ:UFPTGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%. The company had revenue of $105.01 million for the quarter.

About UFP Technologies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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