Ultrapar Participações S.A. (NYSE:UGP) Given Average Rating of “Hold” by Analysts

Ultrapar Participações S.A. (NYSE:UGP) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.20.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of Ultrapar Participações by 8.4% during the 2nd quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock valued at $14,713,000 after acquiring an additional 293,036 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Ultrapar Participações by 57.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock valued at $9,581,000 after buying an additional 898,600 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Ultrapar Participações during the 2nd quarter worth approximately $5,887,000. Marshall Wace LLP raised its position in shares of Ultrapar Participações by 332.6% during the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after buying an additional 1,099,433 shares during the period. Finally, Longfellow Investment Management Co. LLC raised its position in shares of Ultrapar Participações by 27.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 441,527 shares of the oil and gas company’s stock valued at $1,726,000 after buying an additional 94,761 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Price Performance

Shares of Ultrapar Participações stock opened at $2.81 on Monday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 6.11, a PEG ratio of 2.21 and a beta of 1.53. The business has a 50 day simple moving average of $3.41 and a two-hundred day simple moving average of $3.87. Ultrapar Participações has a 12 month low of $2.80 and a 12 month high of $6.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

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.