Aprio Wealth Management LLC Sells 7,774 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Aprio Wealth Management LLC cut its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 17.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,742 shares of the oil and gas company’s stock after selling 7,774 shares during the quarter. Aprio Wealth Management LLC’s holdings in Ultrapar Participações were worth $94,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Ultrapar Participações by 194.7% in the third quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company’s stock valued at $617,000 after acquiring an additional 105,133 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Ultrapar Participações during the 3rd quarter valued at about $452,000. Jane Street Group LLC increased its position in shares of Ultrapar Participações by 26.0% during the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 10,037 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Ultrapar Participações during the third quarter valued at about $1,595,000. Finally, Walleye Capital LLC raised its stake in Ultrapar Participações by 41.5% in the third quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock worth $141,000 after buying an additional 10,654 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on UGP shares. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Price Performance

UGP stock opened at $2.60 on Wednesday. The business has a 50 day moving average of $2.96 and a 200 day moving average of $3.63. The firm has a market cap of $2.90 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. Ultrapar Participações S.A. has a twelve month low of $2.53 and a twelve month 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.

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.