JPMorgan Chase & Co. grew its position in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 194.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,142 shares of the oil and gas company's stock after purchasing an additional 105,133 shares during the quarter. JPMorgan Chase & Co.'s holdings in Ultrapar Participações were worth $617,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Ultrapar Participações by 16.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 303,436 shares of the oil and gas company's stock valued at $1,187,000 after purchasing an additional 43,258 shares during the last quarter. Marshall Wace LLP increased 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 in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Ultrapar Participações by 63.9% in the third quarter. Aprio Wealth Management LLC now owns 43,516 shares of the oil and gas company's stock worth $169,000 after buying an additional 16,967 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Ultrapar Participações by 54.0% during the third quarter. Ritholtz Wealth Management now owns 283,247 shares of the oil and gas company's stock worth $1,099,000 after buying an additional 99,324 shares during the period. Finally, Creative Planning grew 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 buying an additional 17,430 shares during the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.
Ultrapar Participações Stock Performance
UGP stock traded down $0.06 during midday trading on Tuesday, hitting $2.82. 997,357 shares of the stock traded hands, compared to its average volume of 1,375,013. Ultrapar Participações S.A. has a 1-year low of $2.53 and a 1-year high of $6.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The stock's fifty day simple moving average is $2.81 and its 200-day simple moving average is $3.55. The firm has a market cap of $3.14 billion, a P/E ratio of 6.12, a PEG ratio of 2.47 and a beta of 1.52.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on UGP. Hsbc Global Res upgraded Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price objective on Ultrapar Participações from $4.80 to $4.10 and set a "neutral" rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded Ultrapar Participações from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. StockNews.com lowered shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Finally, Scotiabank raised shares of Ultrapar Participações to a "hold" rating in a report on Friday, December 27th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ultrapar Participações presently has a consensus rating of "Moderate Buy" and an average target price of $4.10.
Read Our Latest Research Report on Ultrapar Participações
Ultrapar Participações Company Profile
(
Free Report)
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.
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