Ultrapar Participações (NYSE:UGP) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Ultrapar Participações (NYSE:UGP) from a buy rating to a hold rating in a report published on Wednesday morning.

A number of other equities research analysts have also commented on UGP. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group decreased their price target on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Finally, Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Ultrapar Participações currently has a consensus rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Price Performance

Ultrapar Participações stock opened at $3.40 on Wednesday. The stock’s 50 day moving average is $3.79 and its 200 day moving average is $4.13. Ultrapar Participações has a one year low of $3.36 and a one year high of $6.34. The firm has a market cap of $3.79 billion, a P/E ratio of 7.39, a P/E/G ratio of 2.82 and a beta of 1.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16.

Institutional Investors Weigh In On Ultrapar Participações

Large investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC boosted its position in shares of Ultrapar Participações by 60.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after purchasing an additional 133,791 shares in the last quarter. Acadian Asset Management LLC raised its stake in Ultrapar Participações by 175.6% during the 1st quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock worth $19,850,000 after buying an additional 2,211,696 shares during the period. Creative Planning boosted its holdings in Ultrapar Participações by 45.2% in the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 17,430 shares in the last quarter. Marshall Wace LLP grew its stake in Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after acquiring an additional 1,099,433 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Ultrapar Participações during the third quarter valued at approximately $46,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

About Ultrapar Participações

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.