Envestnet Asset Management Inc. Has $15.17 Million Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Envestnet Asset Management Inc. increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 261.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,194 shares of the industrial products company's stock after acquiring an additional 54,382 shares during the period. Envestnet Asset Management Inc. owned about 0.98% of UFP Technologies worth $15,167,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UFPT. AlphaQuest LLC bought a new position in shares of UFP Technologies during the 4th quarter valued at $25,000. Johnson Financial Group Inc. purchased a new stake in shares of UFP Technologies in the fourth quarter valued at $42,000. Lazard Asset Management LLC purchased a new position in UFP Technologies during the 4th quarter valued at about $84,000. Park Square Financial Group LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at $107,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of UFP Technologies by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 100 shares during the period. 87.28% of the stock is owned by institutional investors.

Insider Activity at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the sale, the senior vice president owned 12,585 shares in the company, valued at $2,770,210.20. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.40% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on UFPT shares. Lake Street Capital set a $252.00 price objective on shares of UFP Technologies and gave the company a "buy" rating in a research report on Wednesday, May 7th. Raymond James Financial assumed coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating for the company.

UFP Technologies Stock Performance

Shares of UFP Technologies stock traded down $4.05 during trading on Friday, hitting $227.95. 65,304 shares of the stock were exchanged, compared to its average volume of 108,132. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.45 and a current ratio of 2.58. The stock's fifty day moving average is $240.05 and its 200 day moving average is $234.30. The stock has a market cap of $1.76 billion, a PE ratio of 27.90 and a beta of 1.11.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. The company had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million.

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.