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

Ultrapar Participações S.A. (NYSE:UGP) has earned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.20.

Several equities research analysts have weighed in on UGP shares. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Scotiabank raised Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Finally, StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Ultrapar Participações

A number of large investors have recently added to or reduced their stakes in UGP. D Orazio & Associates Inc. lifted its holdings in Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 3,498 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ultrapar Participações by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 303,436 shares of the oil and gas company’s stock worth $1,187,000 after buying an additional 43,258 shares in the last quarter. Renaissance Technologies LLC boosted its position in Ultrapar Participações by 57.9% during the second quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after acquiring an additional 898,600 shares during the last quarter. XTX Topco Ltd grew its stake in Ultrapar Participações by 128.2% during the 2nd quarter. XTX Topco Ltd now owns 66,631 shares of the oil and gas company’s stock valued at $261,000 after acquiring an additional 37,436 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Ultrapar Participações by 332.6% in 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 acquiring an additional 1,099,433 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Price Performance

Shares of NYSE UGP opened at $2.72 on Friday. Ultrapar Participações has a 52 week low of $2.53 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 firm has a market cap of $3.03 billion, a P/E ratio of 5.91, a P/E/G ratio of 2.21 and a beta of 1.52. The business’s 50 day moving average price is $3.04 and its 200 day moving average price is $3.67.

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.