UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Peterson Wealth Services

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

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in UFP Technologies by 144.8% during 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 purchasing an additional 9,593 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of UFP Technologies by 4.4% during 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 buying an additional 2,842 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of UFP Technologies during the third quarter worth approximately $1,176,000. Jane Street Group LLC raised its holdings in UFP Technologies by 32.2% in the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after acquiring an additional 2,822 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in UFP Technologies in the third quarter valued at approximately $9,791,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Trading Up 0.2 %

NASDAQ:UFPT opened at $261.96 on Tuesday. UFP Technologies, Inc. has a 1 year low of $167.71 and a 1 year high of $366.41. The stock has a market cap of $2.01 billion, a P/E ratio of 37.37 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock has a 50-day simple moving average of $263.82 and a 200-day simple moving average of $296.18.

Analysts Set New Price Targets

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

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.