Intech Investment Management LLC Has $804,000 Stock Position in UFP Technologies, Inc. $UFPT

Intech Investment Management LLC cut its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 20.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,292 shares of the industrial products company’s stock after selling 851 shares during the period. Intech Investment Management LLC’s holdings in UFP Technologies were worth $804,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UFPT. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of UFP Technologies in the 1st quarter valued at $815,000. Avantax Advisory Services Inc. grew its position in shares of UFP Technologies by 78.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,536 shares of the industrial products company’s stock worth $310,000 after buying an additional 674 shares during the period. Cetera Investment Advisers grew its position in shares of UFP Technologies by 240.5% during the 1st quarter. Cetera Investment Advisers now owns 4,737 shares of the industrial products company’s stock worth $956,000 after buying an additional 3,346 shares during the period. LPL Financial LLC increased its stake in shares of UFP Technologies by 54.6% in the 1st quarter. LPL Financial LLC now owns 14,150 shares of the industrial products company’s stock valued at $2,824,000 after acquiring an additional 4,999 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of UFP Technologies by 12.5% during the 1st quarter. Fiera Capital Corp now owns 46,105 shares of the industrial products company’s stock valued at $9,300,000 after acquiring an additional 5,105 shares during the period. Institutional investors own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,829 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total transaction of $415,548.80. Following the completion of the sale, the senior vice president directly owned 10,756 shares of the company’s stock, valued at approximately $2,443,763.20. The trade was a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.

UFP Technologies Stock Performance

UFPT opened at $224.67 on Thursday. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $327.68. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 26.03 and a beta of 1.16. The company’s fifty day moving average price is $206.82 and its two-hundred day moving average price is $221.84. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The firm had revenue of $96.97 million during the quarter.

Analyst Ratings Changes

UFPT has been the subject of a number of research reports. Lake Street Capital raised their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $289.00.

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.