Congress Asset Management Co. Has $68.79 Million Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Congress Asset Management Co. grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,325 shares of the industrial products company’s stock after acquiring an additional 35,022 shares during the quarter. Congress Asset Management Co. owned about 3.67% of UFP Technologies worth $68,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of UFPT. Creative Planning acquired a new position in UFP Technologies during the third quarter worth $231,000. Raymond James & Associates raised its holdings in shares of UFP Technologies by 11.3% in the 3rd quarter. Raymond James & Associates now owns 18,602 shares of the industrial products company’s stock worth $5,891,000 after acquiring an additional 1,887 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in UFP Technologies in the 3rd quarter valued at about $32,000. New York State Teachers Retirement System boosted its stake in UFP Technologies by 8.7% during the 3rd quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock valued at $826,000 after purchasing an additional 208 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in UFP Technologies by 11.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,310 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 241 shares in the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Up 1.4 %

UFPT opened at $257.52 on Friday. UFP Technologies, Inc. has a fifty-two week low of $185.58 and a fifty-two week high of $366.41. The firm has a market capitalization of $1.98 billion, a P/E ratio of 36.74 and a beta of 1.04. The company’s 50-day moving average is $260.00 and its 200 day moving average is $294.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

Wall Street Analysts Forecast Growth

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

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.