Renaissance Group LLC Acquires 13,274 Shares of UFP Technologies, Inc. $UFPT

Renaissance Group LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 46.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,839 shares of the industrial products company’s stock after purchasing an additional 13,274 shares during the quarter. Renaissance Group LLC’s holdings in UFP Technologies were worth $8,351,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UFPT. Brown Capital Management LLC lifted its position in shares of UFP Technologies by 11.4% in the second quarter. Brown Capital Management LLC now owns 170,811 shares of the industrial products company’s stock worth $41,705,000 after buying an additional 17,493 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of UFP Technologies by 469.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,663 shares of the industrial products company’s stock worth $20,687,000 after acquiring an additional 85,457 shares in the last quarter. Ashford Capital Management Inc. bought a new position in shares of UFP Technologies during the 2nd quarter valued at approximately $17,284,000. Envestnet Asset Management Inc. grew its holdings in shares of UFP Technologies by 15.1% in the second quarter. Envestnet Asset Management Inc. now owns 86,560 shares of the industrial products company’s stock valued at $21,134,000 after purchasing an additional 11,366 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of UFP Technologies by 19.3% in the second quarter. Boston Trust Walden Corp now owns 255,377 shares of the industrial products company’s stock valued at $62,353,000 after purchasing an additional 41,230 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Up 4.3%

Shares of UFPT opened at $267.34 on Friday. The company’s fifty day simple moving average is $239.46 and its 200-day simple moving average is $221.66. The company has a market cap of $2.06 billion, a P/E ratio of 30.98 and a beta of 1.11. The company has a current ratio of 2.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $277.81.

About UFP Technologies

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.