Mountain Pacific Investment Advisers Inc. ID Raises Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Mountain Pacific Investment Advisers Inc. ID lifted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,360 shares of the industrial products company's stock after buying an additional 22,163 shares during the period. Mountain Pacific Investment Advisers Inc. ID owned about 0.92% of UFP Technologies worth $12,105,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in UFP Technologies by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company's stock valued at $81,941,000 after purchasing an additional 12,420 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in UFP Technologies by 10.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 107,705 shares of the industrial products company's stock valued at $17,388,000 after purchasing an additional 10,141 shares during the last quarter. Victory Capital Management Inc. lifted its stake in UFP Technologies by 7.7% in the 3rd quarter. Victory Capital Management Inc. now owns 66,557 shares of the industrial products company's stock valued at $10,746,000 after purchasing an additional 4,769 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in UFP Technologies by 7.2% in the 3rd quarter. Congress Asset Management Co. MA now owns 58,915 shares of the industrial products company's stock valued at $9,512,000 after purchasing an additional 3,946 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in UFP Technologies by 193.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company's stock valued at $9,214,000 after purchasing an additional 37,590 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UFP Technologies

In other news, SVP Christopher P. Litterio sold 2,000 shares of UFP Technologies stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $208.65, for a total transaction of $417,300.00. Following the transaction, the senior vice president now owns 14,334 shares in the company, valued at $2,990,789.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Christopher P. Litterio sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the sale, the senior vice president now owns 14,334 shares of the company's stock, valued at $2,990,789.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steve Cardin sold 311 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the transaction, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,125 shares of company stock worth $6,511,420. Company insiders own 7.80% of the company's stock.

UFP Technologies Price Performance

UFP Technologies stock traded up $3.60 during mid-day trading on Friday, reaching $213.25. The company had a trading volume of 40,236 shares, compared to its average volume of 56,572. UFP Technologies, Inc. has a fifty-two week low of $127.29 and a fifty-two week high of $257.29. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.63 billion, a P/E ratio of 36.45 and a beta of 0.83. The business has a fifty day simple moving average of $220.89 and a 200 day simple moving average of $184.75.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.41. The company had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. On average, equities research analysts predict that UFP Technologies, Inc. will post 6.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UFPT shares. CJS Securities started coverage on shares of UFP Technologies in a report on Wednesday, March 20th. They issued an "outperform" rating and a $255.00 price target on the stock. KeyCorp initiated coverage on shares of UFP Technologies in a report on Tuesday, February 6th. They issued a "sector weight" rating on the stock. Finally, StockNews.com raised shares of UFP Technologies from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd.

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.