UFP Technologies, Inc. (NASDAQ:UFPT) Stock Position Decreased by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,872 shares of the industrial products company’s stock after selling 371 shares during the quarter. AQR Capital Management LLC’s holdings in UFP Technologies were worth $494,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in UFPT. Vanguard Group Inc. grew its position in UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock worth $91,835,000 after acquiring an additional 26,269 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in UFP Technologies by 174.1% during the first quarter. Congress Asset Management Co. MA now owns 185,935 shares of the industrial products company’s stock valued at $46,893,000 after buying an additional 118,106 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of UFP Technologies by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock worth $27,737,000 after buying an additional 2,699 shares during the last quarter. Swedbank AB bought a new stake in shares of UFP Technologies during the 1st quarter worth about $25,220,000. Finally, Mountain Pacific Investment Advisers LLC increased its holdings in shares of UFP Technologies by 2.6% during the 2nd quarter. Mountain Pacific Investment Advisers LLC now owns 92,738 shares of the industrial products company’s stock valued at $24,471,000 after acquiring an additional 2,365 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their target price on UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th.

Insider Activity at UFP Technologies

In other news, CFO Ronald J. Lataille sold 4,798 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the transaction, the chief financial officer now owns 41,332 shares in the company, valued at approximately $13,657,746.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Ronald J. Lataille sold 11,466 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at $13,915,114.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ronald J. Lataille sold 4,798 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the completion of the sale, the chief financial officer now directly owns 41,332 shares in the company, valued at $13,657,746.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,134 shares of company stock worth $21,494,247 in the last ninety days. 6.17% of the stock is currently owned by insiders.

UFP Technologies Stock Up 0.4 %

UFPT stock opened at $313.99 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63. The company has a 50-day moving average of $319.27 and a two-hundred day moving average of $283.72. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 48.69 and a beta of 0.93. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%. The firm had revenue of $110.18 million for the quarter.

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.