Montrusco Bolton Investments Inc. Decreases Stake in UFP Technologies, Inc. $UFPT

Montrusco Bolton Investments Inc. decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 36.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,329 shares of the industrial products company’s stock after selling 11,830 shares during the period. Montrusco Bolton Investments Inc.’s holdings in UFP Technologies were worth $4,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in UFP Technologies by 1.4% in the 2nd quarter. Wasatch Advisors LP now owns 650,960 shares of the industrial products company’s stock valued at $158,938,000 after buying an additional 8,770 shares during the last quarter. Vanguard Group Inc. increased its stake in UFP Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 527,621 shares of the industrial products company’s stock valued at $105,313,000 after buying an additional 3,583 shares during the last quarter. Congress Asset Management Co. increased its stake in UFP Technologies by 32.4% in the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after buying an additional 107,908 shares during the last quarter. Swedbank AB increased its stake in UFP Technologies by 15.6% in the 3rd quarter. Swedbank AB now owns 185,005 shares of the industrial products company’s stock valued at $36,927,000 after buying an additional 25,005 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in UFP Technologies by 5.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 169,982 shares of the industrial products company’s stock valued at $33,928,000 after buying an additional 8,231 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UFPT shares. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Stock Up 1.0%

UFP Technologies stock opened at $200.06 on Friday. UFP Technologies, Inc. has a twelve month low of $182.87 and a twelve month high of $274.93. The firm has a 50 day moving average price of $205.84 and a 200-day moving average price of $220.76. The company has a market capitalization of $1.54 billion, a P/E ratio of 22.79 and a beta of 1.17. The company has a quick ratio of 1.52, a current ratio of 2.68 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 24th. The industrial products company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.26 by $0.18. The company had revenue of $148.92 million during the quarter, compared to the consensus estimate of $149.07 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. UFP Technologies’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $2.10 EPS. As a group, equities analysts predict that UFP Technologies, Inc. will post 9.9 EPS for the current year.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.