Peterson Wealth Services Raises Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Peterson Wealth Services lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,099 shares of the industrial products company’s stock after acquiring an additional 163 shares during the period. Peterson Wealth Services owned 0.05% of UFP Technologies worth $1,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP increased its position in UFP Technologies by 65.4% during 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 last quarter. Boston Trust Walden Corp acquired a new stake in shares of UFP Technologies during the 4th quarter worth approximately $26,395,000. Assenagon Asset Management S.A. increased its holdings in shares of UFP Technologies by 340.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock worth $9,610,000 after buying an additional 30,372 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of UFP Technologies during the 3rd quarter valued at approximately $9,791,000. Finally, Franklin Resources Inc. lifted its holdings in UFP Technologies by 39.4% in the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after acquiring an additional 26,001 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Trading Up 0.2 %

NASDAQ UFPT opened at $261.96 on Tuesday. UFP Technologies, Inc. has a 12 month low of $167.71 and a 12 month high of $366.41. The stock has a market capitalization of $2.01 billion, a P/E ratio of 37.37 and a beta of 1.04. The firm’s 50-day moving average is $263.82 and its two-hundred day moving average is $296.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

Analysts Set New Price Targets

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

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.