State Street Corp Acquires 4,007 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

State Street Corp boosted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,460 shares of the industrial products company’s stock after purchasing an additional 4,007 shares during the period. State Street Corp owned approximately 3.70% of UFP Technologies worth $89,772,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in UFPT. Wasatch Advisors LP lifted its stake in 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 last quarter. Eagle Asset Management Inc. bought a new stake in UFP Technologies in the third quarter worth $9,791,000. De Lisle Partners LLP lifted its stake in UFP Technologies by 30.6% in the third quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock worth $21,070,000 after purchasing an additional 15,603 shares during the last quarter. Millennium Management LLC lifted its stake in UFP Technologies by 78.8% in the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock worth $7,047,000 after purchasing an additional 11,767 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in UFP Technologies in the second quarter worth $2,412,000. 87.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

UFP Technologies Price Performance

UFPT stock opened at $246.98 on Tuesday. The firm’s 50-day moving average price is $300.47 and its two-hundred day moving average price is $302.02. UFP Technologies, Inc. has a 12-month low of $152.43 and a 12-month high of $366.41. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 35.23 and a beta of 0.99. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling at UFP Technologies

In related news, VP Jason Holt sold 146 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the transaction, the chief executive officer now owns 31,194 shares in the company, valued at $10,807,473.24. This represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by company insiders.

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.