Brokerages Set Ultrapar Participações S.A. (NYSE:UGP) PT at $5.20

Shares of Ultrapar Participações S.A. (NYSE:UGP) have received an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on 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.

Ultrapar Participações Price Performance

Shares of Ultrapar Participações stock opened at $2.57 on Monday. The firm has a market cap of $2.87 billion, a PE ratio of 5.59, a P/E/G ratio of 2.21 and a beta of 1.53. Ultrapar Participações has a twelve month low of $2.55 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. The business has a 50-day moving average price of $3.37 and a 200 day moving average price of $3.84.

Institutional Trading of Ultrapar Participações

A number of institutional investors and hedge funds have recently modified their holdings of UGP. Hennessy Advisors Inc. purchased a new stake in Ultrapar Participações during the 2nd quarter worth approximately $5,887,000. Marshall Wace LLP boosted its stake in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after acquiring an additional 1,099,433 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 898,600 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Ultrapar Participações in the 3rd quarter valued at $1,595,000. Finally, Acadian Asset Management LLC lifted its holdings in Ultrapar Participações by 8.4% in 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 purchasing an additional 293,036 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.