Ultrapar Participações S.A. (NYSE:UGP) Receives Average Rating of “Hold” from Brokerages

Shares of Ultrapar Participações S.A. (NYSE:UGP) have received an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.20.

Separately, StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

Institutional Investors Weigh In On Ultrapar Participações

Several institutional investors and hedge funds have recently modified their holdings of UGP. O Shaughnessy Asset Management LLC grew its holdings in 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 valued at $2,041,000 after buying an additional 133,791 shares in the last quarter. Creative Planning boosted its position in shares of Ultrapar Participações by 45.2% during the 3rd quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 17,430 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of 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 purchasing an additional 1,099,433 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Ultrapar Participações in the third quarter worth $46,000. Finally, BNP Paribas Financial Markets raised its stake in Ultrapar Participações by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 4,757 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

Shares of UGP opened at $3.17 on Thursday. Ultrapar Participações has a 52 week low of $3.10 and a 52 week high of $6.34. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 2.50 and a beta of 1.61. The business has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $4.05.

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.