Congress Asset Management Co. Boosts Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Congress Asset Management Co. boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 281,325 shares of the industrial products company’s stock after purchasing an additional 35,022 shares during the period. Congress Asset Management Co.’s holdings in UFP Technologies were worth $68,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in UFPT. Public Employees Retirement System of Ohio increased its holdings in UFP Technologies by 144.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock worth $5,136,000 after acquiring an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UFP Technologies by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after purchasing an additional 2,842 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of UFP Technologies in the third quarter valued at approximately $1,176,000. Jane Street Group LLC lifted its stake in shares of UFP Technologies by 32.2% during the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after buying an additional 2,822 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in UFP Technologies in the 3rd quarter worth approximately $9,791,000. 87.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

UFP Technologies Stock Performance

NASDAQ UFPT opened at $257.52 on Friday. The company’s 50 day simple moving average is $260.00 and its two-hundred day simple moving average is $294.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1 year low of $185.58 and a 1 year high of $366.41. The stock has a market capitalization of $1.98 billion, a PE ratio of 36.74 and a beta of 1.04.

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.