Ultrapar Participações (NYSE:UGP) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Ultrapar Participações (NYSE:UGP) from a buy rating to a hold rating in a research note released on Wednesday morning.

Several other research analysts have also issued reports on the company. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. HSBC raised Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Ultrapar Participações currently has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Stock Performance

Shares of NYSE UGP opened at $3.58 on Wednesday. Ultrapar Participações has a one year low of $3.48 and a one year high of $6.34. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 2.80 and a beta of 1.61. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $3.82 and a 200 day simple moving average of $4.15.

Institutional Investors Weigh In On Ultrapar Participações

Hedge funds have recently modified their holdings of the business. D Orazio & Associates Inc. raised its holdings 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 valued at $59,000 after purchasing an additional 3,498 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Ultrapar Participações by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 4,757 shares during the period. Aigen Investment Management LP grew its stake in shares of Ultrapar Participações by 19.4% in the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares in the last quarter. Signaturefd LLC grew its position in shares of Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC grew its position in Ultrapar Participações by 7.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after buying an additional 7,638 shares in the last quarter. Institutional investors and hedge funds 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.