State Street Corp Lowers Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

State Street Corp reduced its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 3.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 929,543 shares of the oil and gas company’s stock after selling 29,300 shares during the quarter. State Street Corp’s holdings in Ultrapar Participações were worth $3,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Ultrapar Participações in the third quarter valued at $46,000. Freedom Investment Management Inc. acquired a new stake in Ultrapar Participações in the 3rd quarter worth about $48,000. D Orazio & Associates Inc. boosted its position in shares of 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 acquiring an additional 3,498 shares during the last quarter. Signaturefd LLC grew its holdings in Ultrapar Participações by 67.9% in the third 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 during the period. Finally, PDS Planning Inc raised its stake in Ultrapar Participações by 90.2% during the third quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 10,153 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UGP has been the topic of a number of recent research reports. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Stock Up 0.4 %

UGP stock opened at $2.60 on Tuesday. The firm has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $3.74. Ultrapar Participações S.A. has a 12 month low of $2.53 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. The firm has a market cap of $2.90 billion, a PE ratio of 5.65, a P/E/G ratio of 2.21 and a beta of 1.53.

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.