JPMorgan Chase & Co. Acquires 525 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

JPMorgan Chase & Co. boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,573 shares of the industrial products company’s stock after acquiring an additional 525 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of UFP Technologies worth $2,830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Trust Walden Corp purchased a new position in shares of UFP Technologies during the 4th quarter worth about $26,395,000. Raymond James Financial Inc. bought a new stake in UFP Technologies in the fourth quarter worth about $16,808,000. Congress Asset Management Co. boosted its position in shares of 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 buying an additional 35,022 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of UFP Technologies by 340.0% during 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 buying an additional 30,372 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of UFP Technologies by 39.4% in the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after buying an additional 26,001 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT opened at $205.81 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a market cap of $1.58 billion, a PE ratio of 29.36 and a beta of 1.08. The firm’s 50 day simple moving average is $217.00 and its 200-day simple moving average is $258.43. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $141.67 million.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’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 owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.