Janus Henderson Group PLC Reduces Position in UFP Technologies, Inc. $UFPT

Janus Henderson Group PLC decreased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 75.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 19,436 shares of the industrial products company’s stock after selling 59,955 shares during the period. Janus Henderson Group PLC’s holdings in UFP Technologies were worth $3,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Amundi grew its stake in UFP Technologies by 69.2% in the 1st quarter. Amundi now owns 1,746 shares of the industrial products company’s stock valued at $338,000 after buying an additional 714 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of UFP Technologies by 29.5% in the first quarter. California State Teachers Retirement System now owns 9,162 shares of the industrial products company’s stock worth $1,774,000 after acquiring an additional 2,085 shares during the period. Ashford Capital Management Inc. grew its position in shares of UFP Technologies by 11.7% in the first quarter. Ashford Capital Management Inc. now owns 108,010 shares of the industrial products company’s stock valued at $20,911,000 after purchasing an additional 11,350 shares in the last quarter. Rice Hall James & Associates LLC grew its position in shares of UFP Technologies by 110.0% in the first quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company’s stock valued at $4,106,000 after purchasing an additional 11,111 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of UFP Technologies by 13.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 20,779 shares of the industrial products company’s stock valued at $4,023,000 after purchasing an additional 2,485 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $314.01 on Friday. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The stock has a fifty day moving average of $250.24 and a 200 day moving average of $230.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.69 and a current ratio of 3.00. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 33.84 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The business had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. On average, research analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Analysts Set New Price Targets

UFPT has been the topic of a number of recent research reports. Weiss Ratings raised UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the transaction, the director directly owned 855 shares in the company, valued at approximately $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the transaction, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.59% of the stock is currently owned by insiders.

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.