Natixis Advisors LLC Sells 192,099 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Natixis Advisors LLC lessened its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 62.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 117,657 shares of the oil and gas company’s stock after selling 192,099 shares during the period. Natixis Advisors LLC’s holdings in Ultrapar Participações were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Ultrapar Participações during the third quarter valued at approximately $46,000. Cutter & CO Brokerage Inc. purchased a new position in Ultrapar Participações in the second quarter worth $57,000. D Orazio & Associates Inc. grew its holdings in Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 3,498 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after buying an additional 13,461 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after buying an additional 6,476 shares during the period. Institutional investors own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Ultrapar Participações presently has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Trading Down 6.1 %

Shares of Ultrapar Participações stock opened at $3.06 on Friday. The firm has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $4.02. The company has a market cap of $3.41 billion, a P/E ratio of 6.65, a price-to-earnings-growth ratio of 2.50 and a beta of 1.61. Ultrapar Participações S.A. has a fifty-two week low of $3.04 and a fifty-two week high of $6.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

Ultrapar Participações 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.