Ultrapar Participações (NYSE:UGP) Stock Price Down 4.3% on Analyst Downgrade

Ultrapar Participações S.A. (NYSE:UGP)’s share price was down 4.3% during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $4.80 to $4.10. The Goldman Sachs Group currently has a neutral rating on the stock. Ultrapar Participações traded as low as $2.65 and last traded at $2.65. Approximately 213,690 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,404,838 shares. The stock had previously closed at $2.77.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Scotiabank raised Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Finally, StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Ultrapar Participações currently has a consensus rating of “Hold” and an average target price of $4.10.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP boosted its stake in Ultrapar Participações by 19.4% in the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after buying an additional 6,205 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 6,476 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Ultrapar Participações by 33.7% during the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after purchasing an additional 9,794 shares during the last quarter. Jane Street Group LLC increased its position in Ultrapar Participações by 26.0% during the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 10,037 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in Ultrapar Participações by 33.5% in the 3rd quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock valued at $157,000 after purchasing an additional 10,119 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Price Performance

The business’s 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $3.61. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.