Zions Bancorporation N.A. Boosts Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Zions Bancorporation N.A. increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,471 shares of the industrial products company’s stock after purchasing an additional 1,217 shares during the period. Zions Bancorporation N.A. owned approximately 0.06% of UFP Technologies worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. AlphaQuest LLC purchased a new position in shares of UFP Technologies in the 4th quarter worth $25,000. Truvestments Capital LLC bought a new stake in UFP Technologies during the third quarter worth approximately $56,000. Venturi Wealth Management LLC purchased a new stake in UFP Technologies during the fourth quarter valued at approximately $74,000. EverSource Wealth Advisors LLC lifted its stake in shares of UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 66 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of UFP Technologies by 97.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction dated 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 owns 1,785 shares of the company’s stock, valued at $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Price Performance

UFPT stock opened at $209.66 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12 month low of $198.10 and a 12 month high of $366.41. The stock has a market cap of $1.61 billion, a PE ratio of 29.91 and a beta of 1.15. The company has a 50-day moving average price of $245.47 and a 200 day moving average price of $275.64.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $141.67 million.

About UFP Technologies

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.