Zions Bancorporation N.A. Increases Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Zions Bancorporation N.A. increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 37.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,471 shares of the industrial products company’s stock after acquiring an additional 1,217 shares during the quarter. Zions Bancorporation N.A.’s holdings in UFP Technologies were worth $1,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of UFP Technologies by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company’s stock worth $136,309,000 after purchasing an additional 17,356 shares during the period. Wasatch Advisors LP lifted its holdings in UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock worth $133,188,000 after buying an additional 166,262 shares during the period. State Street Corp boosted its position in UFP Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock valued at $89,772,000 after acquiring an additional 4,007 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of UFP Technologies by 14.2% in the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock valued at $68,787,000 after acquiring an additional 35,022 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of UFP Technologies by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock worth $54,799,000 after acquiring an additional 3,333 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

UFP Technologies Trading Down 0.4 %

NASDAQ:UFPT opened at $209.66 on Wednesday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.91 and a beta of 1.15. UFP Technologies, Inc. has a 52 week low of $198.10 and a 52 week high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $245.47 and a 200 day moving average of $275.64.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the sale, the director now owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.17% of the stock is currently owned by company insiders.

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.