US Bancorp DE Lowers Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

US Bancorp DE lowered its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 16.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,216 shares of the industrial products company’s stock after selling 423 shares during the period. US Bancorp DE’s holdings in UFP Technologies were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UFPT. Northwest Investment Counselors LLC purchased a new position in shares of UFP Technologies during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in UFP Technologies by 1,614.3% during the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 113 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of UFP Technologies during the first quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UFP Technologies in the 2nd quarter worth approximately $36,000. Finally, GAMMA Investing LLC boosted its stake in shares of UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

UFP Technologies Trading Down 0.4 %

Shares of UFPT stock opened at $344.86 on Friday. The business has a 50-day moving average of $310.32 and a 200 day moving average of $292.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.56 and a quick ratio of 1.63. UFP Technologies, Inc. has a 1-year low of $133.99 and a 1-year high of $366.41. The stock has a market capitalization of $2.65 billion, a PE ratio of 49.20 and a beta of 0.96.

Insider Buying and Selling at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO R Jeffrey Bailly sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $311.90, for a total transaction of $6,238,000.00. Following the completion of the sale, the chief executive officer now directly owns 114,857 shares in the company, valued at approximately $35,823,898.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,830 shares of company stock worth $14,373,135. 6.17% of the stock is currently owned by insiders.

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.