Congress Wealth Management LLC DE Has $9.91 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Congress Wealth Management LLC DE lifted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,530 shares of the industrial products company’s stock after purchasing an additional 578 shares during the quarter. Congress Wealth Management LLC DE’s holdings in UFP Technologies were worth $9,910,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UFPT. Vanguard Group Inc. raised its holdings in UFP Technologies by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company’s stock valued at $136,309,000 after acquiring an additional 17,356 shares in the last quarter. Wasatch Advisors LP increased its position in shares of UFP Technologies by 65.4% in the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock worth $133,188,000 after purchasing an additional 166,262 shares during the period. State Street Corp raised its stake in UFP Technologies by 1.4% in the third quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock valued at $89,772,000 after purchasing an additional 4,007 shares in the last quarter. Congress Asset Management Co. lifted 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 worth $68,787,000 after purchasing an additional 35,022 shares during the period. Finally, Geode Capital Management LLC grew its stake in UFP Technologies by 2.0% during the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock worth $54,799,000 after buying an additional 3,333 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction on 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 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 filing with the SEC, which can be accessed through the SEC website. 6.17% of the stock is owned by insiders.

UFP Technologies Trading Up 5.9 %

Shares of UFPT opened at $210.50 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a 52-week low of $198.10 and a 52-week high of $366.41. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 30.03 and a beta of 1.15. The business’s fifty day moving average is $246.21 and its 200-day moving average is $276.43.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 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 firm had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

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.