Ultrapar Participações (NYSE:UGP) Sets New 1-Year Low – Here’s Why

Ultrapar Participações S.A. (NYSE:UGP)’s stock price hit a new 52-week low on Thursday . The company traded as low as $2.55 and last traded at $2.57, with a volume of 3230414 shares. The stock had previously closed at $2.75.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a 50 day moving average of $3.30 and a 200 day moving average of $3.81. The stock has a market capitalization of $2.99 billion, a P/E ratio of 5.83, a P/E/G ratio of 2.21 and a beta of 1.53.

Hedge Funds Weigh In On Ultrapar Participações

Several institutional investors have recently modified their holdings of UGP. Marshall Wace LLP boosted its stake in Ultrapar Participações by 332.6% during 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 purchasing an additional 1,099,433 shares during the period. Renaissance Technologies LLC boosted 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 buying an additional 898,600 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Ultrapar Participações during the third quarter worth approximately $1,595,000. Acadian Asset Management LLC grew 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 worth $14,713,000 after buying an additional 293,036 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Ultrapar Participações in the 3rd quarter valued at approximately $452,000. Institutional investors own 3.58% of the company’s stock.

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.