Hennessy Advisors Inc. Buys 115,600 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Hennessy Advisors Inc. lifted its holdings in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,811,400 shares of the oil and gas company's stock after purchasing an additional 115,600 shares during the quarter. Hennessy Advisors Inc. owned 0.16% of Ultrapar Participações worth $4,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in Ultrapar Participações by 71.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company's stock worth $264,000 after buying an additional 28,379 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Ultrapar Participações in the third quarter worth approximately $1,595,000. Creative Planning raised its holdings in shares of Ultrapar Participações by 45.2% during the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company's stock valued at $217,000 after purchasing an additional 17,430 shares during the last quarter. Walleye Capital LLC lifted its position in Ultrapar Participações by 41.5% during the third quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company's stock valued at $141,000 after purchasing an additional 10,654 shares during the period. Finally, Marshall Wace LLP lifted its position in Ultrapar Participações by 332.6% during the second 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. 3.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Scotiabank upgraded shares of Ultrapar Participações to a "hold" rating in a research note on Friday, December 27th. The Goldman Sachs Group cut their price objective on Ultrapar Participações from $4.80 to $4.10 and set a "neutral" rating for the company in a report on Thursday. StockNews.com downgraded Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th. HSBC upgraded Ultrapar Participações from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Hsbc Global Res upgraded shares of Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research note on Friday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ultrapar Participações presently has a consensus rating of "Moderate Buy" and an average price target of $4.10.

Ultrapar Participações Stock Performance

UGP traded down $0.04 during midday trading on Friday, reaching $2.66. The company had a trading volume of 881,537 shares, compared to its average volume of 1,729,843. The business has a 50-day moving average of $2.90 and a two-hundred day moving average of $3.61. 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 1 year low of $2.53 and a 1 year high of $6.34. The company has a market cap of $2.96 billion, a P/E ratio of 5.77, a P/E/G ratio of 2.17 and a beta of 1.52.

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.