New York State Teachers Retirement System Lowers Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

New York State Teachers Retirement System cut its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,200 shares of the industrial products company’s stock after selling 408 shares during the period. New York State Teachers Retirement System’s holdings in UFP Technologies were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in shares of UFP Technologies by 65.4% during the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after buying an additional 166,262 shares during the period. State Street Corp increased its stake in UFP Technologies by 1.4% during the third quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock worth $89,772,000 after acquiring an additional 4,007 shares during the last quarter. Congress Asset Management Co. raised its position in UFP Technologies by 0.4% in the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after purchasing an additional 986 shares during the period. Geode Capital Management LLC lifted its stake in shares of UFP Technologies by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock valued at $54,799,000 after purchasing an additional 3,333 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new position in shares of UFP Technologies during the 4th quarter worth $26,395,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $240.94 on Tuesday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 34.37 and a beta of 1.04. The business’s 50 day moving average is $257.78 and its two-hundred day moving average is $291.72. UFP Technologies, Inc. has a 12-month low of $188.50 and a 12-month high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

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

UFP Technologies Company 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.