Loomis Sayles & Co. L P Sells 3,967 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Loomis Sayles & Co. L P lessened its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,624 shares of the industrial products company’s stock after selling 3,967 shares during the quarter. Loomis Sayles & Co. L P owned about 0.76% of UFP Technologies worth $14,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UFPT. Wasatch Advisors LP raised its stake in UFP Technologies by 65.4% in the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after purchasing an additional 166,262 shares in the last quarter. Boston Trust Walden Corp purchased a new stake in shares of UFP Technologies during the 4th quarter valued at $26,395,000. Raymond James Financial Inc. bought a new stake in shares of UFP Technologies during the 4th quarter worth $16,808,000. Congress Asset Management Co. grew its position in UFP Technologies by 14.2% in the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock worth $68,787,000 after acquiring an additional 35,022 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after acquiring an additional 30,372 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 issued reports on UFPT shares. StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Raymond James began coverage on UFP Technologies in a research note on Friday. They issued a “market perform” rating for the company.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $199.32 on Friday. 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 stock has a market cap of $1.53 billion, a PE ratio of 28.43 and a beta of 1.15. The company’s fifty day moving average is $241.95 and its 200 day moving average is $273.76. UFP Technologies, Inc. has a 52 week low of $198.10 and a 52 week high of $366.41.

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

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.