Ultrapar Participações S.A. (NYSE:UGP) Shares Sold by Barclays PLC

Barclays PLC cut its stake in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 92.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,433 shares of the oil and gas company's stock after selling 96,527 shares during the period. Barclays PLC's holdings in Ultrapar Participações were worth $33,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UGP. Point72 Asset Management L.P. purchased a new position in shares of Ultrapar Participações in the 3rd quarter worth about $1,595,000. The Manufacturers Life Insurance Company raised its holdings in Ultrapar Participações by 6.6% in the third quarter. The Manufacturers Life Insurance Company now owns 251,203 shares of the oil and gas company's stock valued at $975,000 after buying an additional 15,517 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Ultrapar Participações by 50.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 166,966 shares of the oil and gas company's stock valued at $648,000 after buying an additional 56,005 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Ultrapar Participações by 71.8% during the third quarter. Advisors Asset Management Inc. now owns 134,363 shares of the oil and gas company's stock worth $521,000 after buying an additional 56,142 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Ultrapar Participações by 71.8% in the third quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company's stock worth $264,000 after acquiring an additional 28,379 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UGP. HSBC upgraded Ultrapar Participações from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Hsbc Global Res upgraded Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. raised Ultrapar Participações from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and reduced their price target for the company from $4.10 to $3.20 in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.20.

Ultrapar Participações Stock Performance

UGP stock traded up $0.02 during trading on Tuesday, hitting $3.06. 164,251 shares of the company's stock traded hands, compared to its average volume of 1,301,772. The stock has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $3.42. 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 S.A. has a 52 week low of $2.53 and a 52 week high of $6.34. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 2.52 and a beta of 1.52.

Ultrapar Participações 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.